Tuesday, September 15
India’s faltering equities market faces the risk of more losses after the nation was slapped with one of the highest tariff rates in Asia on its exports to the US.President Donald Trump said he would impose a 25% levy on Indian goods starting Friday and threatened an additional penalty over the country’s energy purchases from Russia. That’s a steeper hit than the 15% to 20% range applied on several regional peers.India’s stock benchmark has lagged most major global peers this year amid concerns over a slowdown in its economy and corporate earnings. The underperformance has deepened this month as foreign investors have accelerated their withdrawals, turning attention to cheaper or more attractive markets like Hong Kong and South Korea. The value of India’s stock market is down $24
