Indian equity benchmarks rise as Trump delays China tariffs

Indian equity benchmarks rise as Trump delays China tariffs

14 Aug 2019 12:06 PM
 

Indian equity indices followed their Asian peers higher on Wednesday after Washington delayed tariffs on some Chinese imports, bringing some relief to global markets rattled by a bruising trade conflict.

The broader NSE index rose 0.96% to 11,030.90, while the benchmark BSE index gained 0.98% to 37,319.72.

U.S. President Donald Trump delayed his Sept. 1 deadline for 10% tariffs on some Chinese imports, delaying duties on a range of consumer goods and sending Wall Street stocks soaring on Tuesday.

The trade conflict has disrupted global supply chains and slowed economic growth, dampening sentiment across markets.

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