Equity Alert
Indices seen lower after US imposes 100% more tariffs on China
This story was originally published at 08:51 IST on 13 October 2025
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Equity Alert: Indices seen lower after US imposes 100% more tariffs on China
MUMBAI--0826 IST--Benchmark equity indices are likely to fall Monday after US President Donald Trump late Friday announced 100% tariff on import of goods from China, in addition to the existing 30% duties levied on the country. These additional tariffs will be effective from Nov. 1 or sooner, "depending on any further actions or changes taken by China", Trump said. This came after Beijing expanded export controls on rare earth minerals last week.
These tariffs will be in addition to export controls on "any and all critical software" from Nov. 1, Trump said. Last week, China increased its export controls on rare earth minerals, which are vital for the production of several electronic items, semiconductors, motor vehicles, and fighter jets.
On the other hand, Trump Sunday said the "war is over in Gaza" as he headed for a high-stakes peace trip to Israel and Egypt. Speaking to reporters on Air Force One at the start of the "very special" visit, Trump brushed off concerns about the ceasefire and hostage release deal between Israel and Hamas, The Economic Times reported Monday.
At 0823 IST, the GIFT Nifty's October contract was at 25309.50 points, just 24 points higher than the Nifty 50's closing level on Friday. The Nifty 50 had settled at 25285.35 points on Friday, up 103.55 points or 0.4% from the previous session. The BSE Sensex ended at 82500.82, up 328.72 points or 0.4%.
Tata Capital will list on bourses Monday, with the issue price set at INR 326 per share, the upper end of its price band. The company's initial public offering, which closed Wednesday, was subscribed 1.95 times. Investors placed bids for 651.23 million shares against the 333.44 million shares on offer.
On the macroeconomic data front, the government will release retail inflation figures for September later in the day, followed by wholesale inflation on Tuesday. These readings will be closely tracked for signs of easing price pressures, which could influence the Reserve Bank of India's monetary policy outlook.
On the global front, the US indices fell Friday and those in Asia also traded lower Monday as concerns about a trade war between the US and China resurfaced. (Simran Rede)
Equity Alert: Chinese stocks down on renewed fears of trade war with US
MUMBAI--0810 IST--Chinese stocks fell sharply Monday due to renewed fears of a trade war between the US and China, which is expected to hit the economies of both countries. Indices in China and Hong Kong were among the worst hit in Asia, with the CSI 300 index down 1% and Hang Seng index down 2%. The equity market in Japan was shut for Sports Day.
US President Donald Trump Friday threatened to impose an additional 100% tariff on China from Nov. 1 after Beijing tightened rules on exporting rare earth minerals. Reacting to the tariff threat from the US, China's commerce ministry spokesperson Sunday said they were "not afraid" of a possible trade war and could introduce "countermeasures" to US tariffs, according to a report by BBC.
This raised fears of another trade war between the US and China, akin to that in April when both countries had imposed tariffs on each other to unprecedented levels. On Sunday, Trump tried to calm the situation and posted on Truth Social saying, "Don't worry about China, it will all be fine! Highly respected President Xi just had a bad moment".
While US futures were up 0.8?ter Trump's comment on Sunday, indices in Asia fell Monday. Stock indices in China, Hong Kong, South Korea, Taiwan, and Singapore were down 1-2%.
Following were the levels of key Asian indices at 0806 IST:
|
Index |
Level |
Change in % |
|
CSI 300 Index |
4571.15 |
(-)0.99 |
|
Hang Seng Index |
25783.63 |
(-)1.93 |
|
KOSPI |
3575.62 |
(-)0.97 |
|
FTSE Singapore Straits Times |
3862.93 |
(-)0.96 |
|
S&P/ASX 200 Index |
8904.50 |
(-)0.60 |
(Anshul Choudhary)
Equity Alert: US indices slump Fri as US-China trade tensions resurface
MUMBAI--0731 IST--Major stock indices in the US saw a sell-off Friday as concerns about a trade war between the US and China resurfaced. Stocks slumped after US President Donald Trump threatned to impose 100% tariff on goods from China after Beijing put export controls on rare earth minerals, which are used to make several critical products such as electric vehicles, aircraft enginess, and radars.
Technology stocks fared among the worst, with shares of Nvidia, Intel, and AMD down 4-8%. Electric vehicle maker Tesla's shares slumped over 5%. Owing to this, the S&P 500 was down nearly 3%, its steepest single-day fall in five months.
"The second-largest economy and the first largest economy are arguing again, and we're seeing a sell first, ask questions later mentality to end the week," Ryan Detrick, chief market strategist at Carson Group in Omaha, was quoted as saying by Reuters on Friday. "President Trump's post did truly come out of nowhere, which opened the door for some extreme volatility."
On Friday, Trump announced the US would impose an extra 100% tariff on imports from China, along with export controls on "any and all critical software" from Nov. 1, Trump said, adding that the measures could be implemented sooner, "depending on any further actions or changes taken by China".
On Monday, futures contracts regained some lost ground with E-mini Dow futures up 0.8%, recouping almost half the losses made on Friday. Futures gained after Trump made another post on Truth Social, in an attempt on calm the situation, saying, "Don't worry about China, it will all be fine! Highly respected President Xi just had a bad moment".
"He (Xi Jinping) doesn't want Depression for his country, and neither do I," Tump added.
Following are the closing levels of US indices Friday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6552.51 |
(-)2.71 |
|
NASDAQ Composite |
22204.43 |
(-)3.56 |
|
Dow Jones Industrial Average |
45479.60 |
(-)1.90 |
(Anshul Choudhary)
End
US$1 = INR 88.69
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
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