So, part of it is the valuation, but the earnings of the companies will definitely get impacted and maybe the earnings results have not yet come out and the earnings will probably take a bit of time to start showing the tariff fallout.
Investors should raise cash by up to 10% as Trump tariffs roil markets: Axis Securities
Axis Securities advises investors to increase cash holdings by up to 10% and selectively buy high-quality stocks amid market volatility from U.S. tariffs on Indian