The impact of the massive fall in America's Wall Street on Thursday also showed on the morning trade of Asian markets. This led to a huge decline in the stock markets of Japan, Hong Kong and Shanghai. In India, the sensitive index Sensex of the Bombay Stock Exchange (BSE) fell more than 1,000 points. Indeed, US President Donald Trump called the plan to increase the policy interest rates of the Federal Reserve of the United States as a "very enthusiastic action". Since then, there was a huge upheaval in Wall Street (America's stock market). It was nearly 830 points lower on Wednesday, which was the biggest loss for the past seven months.
Japan's Nikki 225, Hong Kong's Hong Kong and Shanghai Composites of China have all reported a decline of more than three percent. In Asia's oldest stock market, the BSE Sensex also saw a decline of more than 1000 points in the initial trading. In addition, the share market of Paris and Frankfurt declined by two percent. The London Stock Exchange also dropped 1.3%.
In the morning trade, the Sensex dropped by 1,030 points to below 34,000 mark. Apart from this, the rupee also went up to the record low of 74.45 against the dollar. Brokers said that after global upheaval in the US stock markets, the global sales turnover erupted, which has been seen in the domestic stock market.
Apart from this, the possibility of increasing the interest rates of the trade war between the US and China and the Federal Reserve has also raised new concerns. This also affected the market. Sensex, based on the 30-share BSE shares, is trading at 1,030.40 points ie 2.95% and 33,730.49 points. It had gained 461.42 points on Wednesday. Similarly, the National Stock Exchange's Nifty dropped by 281.70 points, ie 2.69% to below the 10,178.70 mark.