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Sensex, Nifty Tad Lower Dragged By IT Stocks

RTTNews | 8h 25minuter sedan

Sensex, Nifty Tad Lower Dragged By IT Stocks

(RTTNews) - Indian shares opened a tad lower on Wednesday after U.S. President Donald Trump offered no exceptions to his Aug. 1 tariff start date and announced a 50 percent tariff on copper imports, expanding trade measures already in place for steel and aluminum.

He also hinted at a potential 200 percent tariff on pharmaceuticals, marking a new phase in his aggressive trade policy.

The benchmark S&P/BSE Sensex was down 127 points, or 0.2 percent, at 83.586 in early trade, while the broader NSE Nifty index dipped 30 points to 25,494.

Infosys, ICICI Bank, Tata Steel and HCL Technologies all fell around 1 percent while Hindustan Unilever and Asian Paints both rose about 1 percent.

Pharma stocks such as Lupin and Biocon were up around 2 percent each.

Union Bank of India tumbled 4.5 percent after its Q1 business update.

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Yen Falls As Traders Speculate BoJ Rate Hike Pause

Yen Falls As Traders Speculate BoJ Rate Hike Pause

The Japanese yen weakened against other major currencies in the late Asian session on Wednesday, as traders reduced their bets on an immediate interest rate hike by the Bank of Japan (BoJ) due to worries about the possible economic effects of US President Donald Trump's trade tariffs.

RTTNews | 55 minuter sedan

Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia's central bank lowered its key interest rate for the first time in five years on Wednesday to underpin economic growth amid the ongoing trade tariff uncertainty. The Monetary Policy Committee of Bank Negara Malaysia decided to reduce the Overnight Policy Rate by 25 basis points to 2.75 percent. The ceiling and floor rates of the corridor of the OPR were correspondingly reduced.

RTTNews | 56 minuter sedan

FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The UK market remains firmly placed in positive territory a little past noon on Wednesday, holding gains after a steady start, amid rising optimism about the European Union striking a deal with the U.S. in the coming weeks.

RTTNews | 1h 13minuter sedan

CAC 40 Up 1.25% On Trade Deal Optimism

CAC 40 Up 1.25% On Trade Deal Optimism

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, amid optimism about U.S. and the European Union striking a deal sometime soon, despite U.S. President Donald Trump's threat that steep tariffs will be imposed on copper imports, and pharmaceuticals.

RTTNews | 1h 38minuter sedan

DAX Rises Sharply On US-EU Trade Deal Hopes

DAX Rises Sharply On US-EU Trade Deal Hopes

German stocks climbed up on Wednesday, lifting the benchmark DAX to a one-month high, as expectations of a US-European Union deal helped underpin sentiment.

RTTNews | 1h 52minuter sedan

Sensex Drops 176 Points On Tariff Uncertainty; Nifty Dips Below 25,500

Sensex Drops 176 Points On Tariff Uncertainty; Nifty Dips Below 25,500

Indian shares fell modestly on Wednesday as uncertainty prevailed over U.S. President Donald Trump's tariff plans.

RTTNews | 2h 33minuter sedan

NZ Dollar Falls After RBNZ Rate Decision

NZ Dollar Falls After RBNZ Rate Decision

The New Zealand dollar retreated from recent highs against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand's (RBNZ) widely anticipated decision to maintain rates constant.

RTTNews | 3h 34minuter sedan

European Shares Rise On US-EU Trade Deal Hopes

European Shares Rise On US-EU Trade Deal Hopes

European stocks edged higher on Wednesday as investors waited for an update on the U.S.-EU trade deal.

RTTNews | 3h 57minuter sedan

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