American markets have declined drastically. There is a furore in the US market that Dow Jones and S&P-500 indexes have been demolished. As soon as the market opened on Tuesday, Asian markets showed the impact of a huge decline in American markets and most of the markets were seen trading in red mark. The special thing is that this is the biggest decline in American stock markets in 2 years.
Dau Jones 1100 points below, Nasdaq 4% below.
Due to the decline in the US stock markets, the shadow of recession has once again started looming. The shares of several major global companies declined on the last trading day, including Tesla’s shares (Tesla’s shares decline by 15%). The condition of Dow Jones looked poor and declined by 1100 points during trading, although the index finally closed at 41,911.71 with a decline of 2.08% or 890 points. Like Dow Jones, S&P-500 also saw a similar situation and closed down 155.64 points or 2.70%. Whereas Nasdaq saw even a big decline. It closed at 17,468.32 with a decline of 4%, the biggest decline in the index after September 2022.
This big share boom
Talking about the biggest decline in the US stock market, the shares of Tesla Stock, the world’s richest man Elon Musk, closed 15.43 per cent to close at $ 222.15. Additionally, NVIDIA shares fell 5.07% to close at $ 106.98. Microsoft’s shares fell by 3.34%, while Amazon Inc. shares fell 2.36% and delta airlines shares by 5.54%.
Asian markets opened as soon as they opened
The impact of the earthquake in American markets is also being seen on the Asian markets on Tuesday. If we look at the major Asian markets, South Korea’s Korea’s Kospi index fell nearly 2 percent, while Japan’s Nikkei index was also trading below 2 percent. Additionally, Hong Kong’s Hangseng was also trading in a boom in early trade.
What are the American markets afraid of?
It is also important to discuss here what are the apprehensions in the US stock markets due to which the market has gone down. So let us tell you that US President Donald Trump’s Tariff War has already created a stir in the world and has started a trade war in the world. On one hand, America is putting tariffs on many countries, on the other hand other countries are also retaliating on America. In such a situation, there is fear of inflation in the country. In addition, US inflation figures will be released on March 12 and the next day the productive price index (PPI) will be released. Overall, fears of tariffs, inflation and global recession dominate the market.
Impact on Indian market
This nervousness from America to Asian markets can also be seen on the Indian stock market. Sensex-nifty also fell in a red mark on the last trading day on Monday. The BSE Sensex opened at 22,521 against its previous closed level 22,552 and fell 217 points to close at 74,115. Apart from this, NSE Nifty also fell 92.20 points to close at 22,460.
