On Black Monday, the Dow Jones Industrial Average in the US plunged 22.6% – the steepest one-day percentage drop in its history. The selloff was triggered by a mix of overvalued markets, rising interest rates and panic selling amplified by computer-driven trading. The stock market recovered most of the losses soon, following intervention by the US Federal Reserve.
Swaminathan Aiyar sees 90-day lull as calm before the next trade storm
Amidst trade tensions, China’s restrictions on rare earth mineral exports are sending ripples through the global auto industry, potentially affecting India. While a 90-day pause
April 21, 2025