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DMS -1165 | Stock Market News #dailymoneyshow
Takeaway
Markets recovered from morning lows as Trump softened China tariff stance and India CPI came in low; crypto volatility caused human tragedies.
Summary
- Sensex closed down 173 pts at 82,327; Nifty down 58 pts at 25,227; mid-cap and small-cap indices fell 0.15-0.18%.
- Trump announced additional 100% tariffs on China from Nov 1 over rare earth export controls; also threatened critical software export curbs.
- Trump later softened tone in second tweet praising Xi Jinping — US heavily dependent on China for rare earths so backtracking expected.
- India CPI inflation for September came in at 1.54%, well below RBI's upper limit — positive for economy.
- Crypto crash reportedly led to a Ukrainian crypto influencer's suicide; rumors of ~2000 trader deaths globally circulating due to leveraged crypto bets.
Trump tariffsCPIcrypto crash
Original description
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