MUMBAI: Indian markets tumbled in line with global peers on Friday amid rising global trade war fears. US President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion of Chinese goods including steel, although the measures have a 30-day consultation period. In retaliation, China unveiled plans to impose tariffs on up to $3 billion of US imports.Indian equity markets reacted negatively today, in-line with global markets.
With US imposing fresh tariff targeted China, there is an increasing fear of a trade war which could impact economic growth. Markets are expected to remain volatile ahead of F&O expiry next week, as well as an end of Indian financial year (last week before the LTCG tax kicks in). While traders should remain cautious, the decline in good fundamental stocks would offer buying opportunities for long-term investors
