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Chinese leader Xi Jinping warned Monday that protectionism "leads nowhere" and that a trade war would have "no winners", state media said, as he was due to kick off a tour of Southeast Asia with a visit to Vietnam. He also reiterated Beijing's line that a "trade war and tariff war will produce no winner, and protectionism will lead nowhere", the agency added.
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News and Media
Singapore's central bank eased monetary policy again due to concerns about global growth and trade, influenced by U.S. tariffs. The Monetary Authority of Singapore reduced the rate of appreciation of its exchange rate, while the trade ministry lowered Singapore's GDP growth forecast for 2025 to 0%-2%. Economists suggest further easing is possible if economic conditions worsen.
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Asian stocks experienced a boost following President Trump's temporary suspension of import duties on consumer electronics, providing relief after a turbulent week. While this pause offers a brief respite, uncertainty persists as Trump hints at future tariffs and continues to reshape global trade. Investors remain cautious, navigating conflicting statements and hoping for a negotiated resolution to the trade disputes.
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News and Media
NSE Holidays 2025: Indian stock markets are closed today for Ambedkar Jayanti, providing traders a break after recent volatility fueled by global trade tensions. The Sensex and Nifty have experienced significant swings, influenced by US policies. Trading will resume for a shortened three-day week on Tuesday, followed by another closure on April 18 for Good Friday.
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News and Media
Motilal Oswal Financial Services projects just 0.5% year-on-year earnings growth for the March quarter across its coverage universe of 18 banks, including five large lenders.
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News and Media
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