This is the destruction being created in the stock market by U.S. President Donald Trump. For a few days he played with global markets in the name of tariffs. Now once again he is causing turmoil in the stock market with the war on Iran. It is known that stock markets have been collapsing over the past few days due to the war being waged jointly by the United States and Israel against Iran. On Monday, that is March 9, it can be said that a blood bath occurred in the Indian market. Because right at the opening, the BSE Sensex fell by as much as 2400 points. Without any difference between this sector or that sector, all shares are witnessing heavy losses. As there is no clarity so far on when this war being waged by the United States and Israel will stop, severe anxiety has gripped global markets.
On the other hand, with the price of a barrel of oil crossing one hundred dollars in a manner never seen in the past several years, it has had a serious impact on market sentiment. After July 2022, this is the first time that the price of a barrel of oil has reached this range. Because of this reason, markets collapsed on Monday. Nifty 50 also fell below 23,800 points. Not only in India, Japan’s Nikkei 225 also plunged by as much as 4000 points after reports that the price of a barrel of oil crossed one hundred dollars. Many people are of the opinion that this is the destruction being created in global markets by U.S. President Donald Trump. If oil prices continue at high rates for many days, there is a possibility that the impact will negatively affect the economies of several countries across the world, and markets reacted sharply to this.