- Indian shares erased early gains on Monday as escalating Sino-U.S. trade tensions overshadowed enthusiasm about the withdrawal a recent tax surcharge on foreign investors and faster capital infusion into state-run banks.
Other Asian markets slumped as deteriorating trade relations between the United States and China shook confidence in the world economy and sent investors steaming to the safe harbours. “Markets acknowledges that more needs to be done by the government and are now waiting for future announcements,” said Anand James, chief market strategist at Geojit Financial Services.
Indian economy will suffer as long as this trade war exist b/w China and US
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