Well, I bought 150$ and it dropped to 97$ but I am not worried because it will rise again and there I will get my investment plus the profits with God's favor.
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On Tuesday, March 4, 2025, global markets experienced significant pullbacks due to the U.S. administration's decision to implement new tariffs on Canada, Mexico, and China. President Donald Trump confirmed the enforcement of 25% tariffs on Canadian and Mexican goods, along with an additional 10% on Chinese imports, citing concerns over the illicit drug crisis.
This announcement led to widespread market declines:
U.S. Markets: The Dow Jones Industrial Average fell by 1.5% (approximately 649 points), the S&P 500 decreased by 1.8%, and the Nasdaq Composite dropped by 2.6%.
Asian Markets: Indices such as Japan’s Nikkei 225, Hong Kong’s Hang Seng, and China's Shanghai Composite all saw notable declines amid concerns over the economic impact of the tariffs.
European Markets: While some European markets showed gains due to easing inflation signs, others remained volatile as investors assessed the potential repercussions of the new tariffs.
In Pakistan, the stock market also felt the effects of these global developments. The KSE-100 Index, which had previously surged past the 115,000-point mark, experienced a pullback as investors engaged in profit-taking. The index closed at 114,301.80 points, down from an intraday high of 115,172.44 points, reflecting a cautious sentiment among investors.
Market experts advise caution, suggesting that investors consider adjusting their portfolios in response to the evolving trade tensions and their potential economic implications. Strategies may include focusing on companies offering essential goods and services, diversifying investments to less affected markets, and increasing holdings in cash and gold.