Trade tensions rattle markets; equities edge lower for 6th straight session

Election result uncertainty also weighs on investor sentiment

Indian equities declined for a sixth straight session on Wednesday as renewed worries over the US-China trade war continued to spook markets across the world. 

Global markets have suffered a jolt this week after US President Donald Trump said on Sunday that the US would raise tariffs on $200 billion of Chinese goods from 10 per cent to 25 per cent. The hardline stance boosted risk-off sentiment. China’s overall trade surplus came in at $13.8 billion on Wednesday, far lower than the $35 billion economists polled by Reuters had expected.

The BSE Sensex fell 487 points, or 1.27 per cent, to 37,789.13