Pharma stocks may continue to see selling today after President Trump’s 200% tariff statement

US equity markets ended the day on a mixed note yesterday. President Trump said that he will impose tariffs as high as 50% on copper. This caused future prices on copper to increase. He also added that pharmaceuticals imported into USA may face tariffs as high as 200%.

Nasdaq closed the day yesterday, 8^th July, 2025 up by 5.95 points or 0.029%. Dow Jones closed the day down by 165.60 points or 0.37%. S&P 500 closed the day, down by 4.46 points or 0.072%.

European markets gained on hopes of imminent trade deal

European markets gained yesterday on expectations of imminent trade deal with USA. Euro Stoxx 50 closed the day yesterday, up by 30.41 points or 0.57%. Dax closed the day, up by 133.24 points or 0.55%. FTSE 100 closed the day, up by 47.65 points or 0.54%.

Asian markets begin on a largely negative note

Asian markets have started the day today on a largely negative note. At 8:50 a.m. today, 9^th July, Nikkei 225 is down by 11.39 points or 0.029%. Hang Seng is down by 185.63 points or 0.77%. Shanghai index is up by 8.45 points or 0.24%. Kospi index is up by 8.79 points or 0.28%.

Indian equity markets are getting mixed cues from foreign markets today. According to some media reports, an Indo-US trade deal may be announced today. Pharma stocks are likely to continue to see selling today after President Trump’s tariff threat. This may have some adverse impact on Nifty 50 and Sensex today.

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Source: Dow Jones