The effects of the recent tariffs imposed by U.S. President Donald Trump on various countries have been seen across global markets, including Pakistan. On the first day of the trading week, the Pakistan Stock Exchange experienced a sharp decline, with the 100-index dropping over 6,250 points. The index fell to 112,504 points, prompting a temporary halt in trading. After a slight recovery, trading resumed, but the index remained down by 4,333 points at 14,458.
These tariff-induced losses mirrored the global downturn, with the U.S. stock exchange losing $6 trillion in two days. Asian markets, including Japan’s Nikkei, saw a 9% drop, while Hong Kong’s Hang Seng fell by 8%. Trading was briefly halted in South Korea due to fears of a steep decline, and Australia’s market suffered a $160 billion loss. Similarly, the Saudi stock market lost 500 billion riyals, with Qatar, Kuwait, Muscat, and Bahrain also facing market downturns.
