The US stock market opened at a lower level on Tuesday. In fact, US stock market investors are scared of global tensions due to Nancy Pelosi’s visit to Taiwan. This is the reason why selling dominated the market on Tuesday and it opened at a lower level.
Nancy Pelosi’s Taiwan: The head of the global ups and downs is also visible in the global market. The US stock market opened at a lower level on Tuesday. In fact, US stock market investors are scared of global tensions due to Nancy Pelosi’s visit to Taiwan. This is the reason why selling dominated the market on Tuesday and it opened at a lower level. In today’s trade, the S&P 500 fell 0.4%, the Dow Industrials was down 0.5% and the tech-heavy Nasdaq Composite was down 0.5%.Picture from twitter @SpeakerPelosi
global stock market crash
Significantly, after the major indices ended their best month since 2020 in July, they closed lower as they started in August. Earlier on Monday, the futures trading for August started amid ups and downs. The impact of the ups and downs in the global market is also being seen in the Indian market. Global markets have been affected by inflationary pressures, monetary tightening by the Federal Reserve and concerns of a slowdown this year.
The market will fall further now!
Significantly, investors in global markets were concerned about tensions between Beijing and Washington over the visit of Nancy Pelosi. In such a situation, a fall in the stock market was evident. On Tuesday, the Shanghai Composite Index fell 2.3% while Hong Kong’s Hang Seng fell 2.4%. Both the benchmarks fell over 3% in early trade even before making up for some losses. The way the China-US dispute is progressing, surely its impact on the global market will be seen even further.
Nancy Pelosi arrives in Taiwan
Tensions between the two countries may increase further when Speaker of the US Parliament House of Representatives Nancy Pelosi’s visit to the self-governing island of Taiwan. Despite China’s threat, US House Speaker Nancy has reached Taiwan on Tuesday evening.