Metal Stocks Slump Amid Rising Trade War Tensions

Metal Stocks Slump Amid Rising Trade War Tensions

NSE Nifty Metal Index fell 3.29 percent in early trade to 3,442.75, its lowest in six months.

China, as a retaliation to U.S. President Donald Trump’s tariff plans, announced for reciprocal tariffs on $3 billion of imports from the U.S. Such imports include U.S. pork, recycled aluminium, steel pipes, fruits and wine.     

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SGX Nifty Slips Below 10,000

INDIAN MARKETS OUTLOOK

Gold Silver Reports (GSR) – SGX Nifty Slips Below 10,000 — Asian stocks followed their U.S. counterparts lower after President Donald Trump’s decision to slap tariffs on China heightened concern a trade war could hurt global growth.

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Tesla Investors Approve $2.6 Billion Award for Musk

Gold Silver Reports (GSR) – Tesla Inc. shareholders are said to have approved the board’s proposal to grant Chief Executive Officer Elon Musk stock options valued at $2.6 billion, paving the way for him to reap a big windfall if the electric-car maker maintains its growth trajectory over the next decade.

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