Indian markets slumped as BSE 500 fell 3.3% amid Trump’s steep H-1B visa fee hike and 100% drug tariff announcement. Over 440 stocks dropped, with IT, realty, consumer and healthcare sectors hit hardest.
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.
Federal Reserve Chairman Kevin Warsh stressed commitment to the 2% inflation target. He clarified there is no implicit inflation target above this for the committee
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