Global market turmoil
\nIslamabad
\nThe Pakistan Stock Exchange (PSX) suffered a steep sell-off on Monday, shedding nearly 3,900 points amid global market jitters triggered by fresh US tariff measures and local economic anxieties.
\nThe benchmark KSE-100 index dropped 3,882.18 points, or 3.27%, to close at 114,909.48. The index hit an intraday low of 110,103.97 \u2014 a staggering 7.31% plunge \u2014 before paring some losses.
\nAt its highest during the session, it reached 117,601.62, still down 1% from the previous close of 118,791.66.
\nTrading was briefly halted after the index fell more than 5%, triggering a market-wide circuit breaker. The exchange resumed trading at 1:03pm after cancelling all pending orders. However, the bearish momentum continued post-resumption.
\nThe drop came amid a global market rout triggered by China\u2019s announcement of retaliatory tariffs on US goods, escalating trade tensions between the world\u2019s two largest economies.
\nThe sharp fall in Pakistani equities came amid an already jittery global market environment and added concerns over local macroeconomic conditions.
\nMorevoer, Asian markets nosedived on Monday as the escalating tariff war between the United States and China rattled investor confidence and triggered sharp declines across the region.
\nJapan\u2019s Nikkei index fell over 8% after the open, while the Topix slumped more than 6.5%. In China, the Shanghai Composite dropped 6.7%, and the blue-chip CSI300 shed 7.5%. The Hang Seng in Hong Kong opened more than 9% lower, led by steep losses in tech giants Alibaba and Tencent.
\nSouth Korea\u2019s Kospi lost over 4.8%, briefly halting trading due to a circuit breaker. Taiwan\u2019s Taiex tumbled 9.7%, with heavyweights TSMC and Foxconn both falling around 10% and also triggering market-wide halts.
\nMarkets in Australia and New Zealand were also hit, with the ASX 200 falling as much as 6.3% and the NZX 50 ending down 3.7%.
\nThe sell-off followed a fierce retaliation from China, which imposed sweeping 34% tariffs on all US goods. This move came in response to US President Donald Trump\u2019s sudden hike in trade duties, sparking fears of a prolonged and damaging economic conflict.<\/p>\n","protected":false},"excerpt":{"rendered":"
Global market turmoil Islamabad The Pakistan Stock Exchange (PSX) suffered a steep sell-off on Monday, shedding nearly 3,900 points amid global market jitters triggered by fresh US tariff measures and local economic anxieties. The benchmark KSE-100 index dropped 3,882.18 points, or 3.27%, to close at 114,909.48. The index hit an intraday low of 110,103.97 \u2014 …<\/p>\n","protected":false},"author":4,"featured_media":79319,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-79310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/79310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=79310"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/79310\/revisions"}],"predecessor-version":[{"id":79323,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/79310\/revisions\/79323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/79319"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=79310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=79310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=79310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}