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South Korea on Wednesday unveiled a $2 billion emergency support package for its crucial export-focused carmakers, warning US President Donald Trump's 25 percent tariffs on the sector could be a "significant blow". "Given that automobiles and auto parts are South Korea's top exports to the US, the decision to impose a 25 percent tariff on these items is expected to deliver a significant blow to our auto industry," the government said in a statement announcing the support measures.
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During a recent White House visit, Israeli Prime Minister Benjamin Netanyahu faced a challenging encounter with President Trump, despite initial expectations of strong support. Key disagreements emerged over Iran's nuclear program, U.S. tariffs on Israeli goods, and Turkey's growing influence in Syria.
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The NSE Nifty rose 374.25 points, or 1.7%, to close at 22,535.85, in its highest single-day gain since January 2. The BSE Sensex rose 1,089.18 points, or 1.5%, the biggest upside in a day since March 18, to end at 74,227.
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A shooting at a Spotsylvania County town house complex on Tuesday evening resulted in three fatalities and multiple injuries. Law enforcement responded to 911 calls around 5:30 pm, initiating a search for suspects. The injured victims were transported to local hospitals, while authorities urged the public to avoid the area as the investigation continues.
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Despite the robust bull run in Indian equities since 2020, a significant portion of listed stocks, nearly 10%, are still trading below their pre-Covid levels. Prominent names like Whirlpool, PVR Inox, and RBL Bank have experienced declines, erasing earlier gains. Some fundamentally sound companies, including Aditya Birla Fashion and Hindustan Unilever, are hovering near their pre-pandemic values.
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News and Media
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