Sensex, Nifty give up gains as US hikes tariffs on Chinese goods

Indian domestic indices soon took a turn for the worse, after opening mildly higher in morning trade on Friday, after US hiked tariffs on Chinese goods.

Other Asian markets traded mixed after the tariff hike. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3 per cent, led by gains in Chinese shares. China markets were on midday break when the higher tariffs took effect. The Shanghai composite rose as much as 3.1 per cent early on Friday before paring much of that of that gain, leaving it up 1.5 per cent.

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