Asian Markets Plunge LIVE News: Sensex Today Stock Market| GIFT Nifty Plunge 900 Points |India Today
Asian stock markets plunged on Monday as fears of a global trade war saw Wall Street futures dive, and investors wagered the mounting risk of recession could see US interest rates cut as early as May.
Futures markets moved swiftly to price in almost five-quarter-point cuts in US rates this year, pulling Treasury yields down sharply and hampering the dollar.
The carnage came as White House officials showed no sign of backing away from their sweeping tariff plans, and China declared the markets had spoken of their retaliation through levies on US goods.
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