The stock markets woke up to a bloodbath on Monday morning with the Sensex crashing over 2700 points, and the Nifty falling over 880 points at press time.
IMAGE: Kindly note that this image has been posted for representational purposes only. Photograph: Reuters
The scene was no different in other Asian markets which too plunged, deepening a global stocks rout triggered by US President Donald Trump’s trade war and China’s forceful response to unexpectedly high tariffs.
Japan’s benchmark Nikkei fell by more than 8% shortly after opening, while the broader Topix index last traded more than 6.5% lower after recovering from its steepest losses.
Details soon.
