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Indian Stock Markets Collapse With Trump's Immigration Decision
By: Tupaki Desk | 21 April 2020 5:00 PM GMT
The novel coronavirus originated from the Wuhan Province of China has struct the US very hard that the nation has turned out as the worst-hit nation in the world due to the COVID-19 virus.
To counter that, US President Donald Trump has signed an order to suspend the immigration into the United States temporarily as a bold move to save the Americans from the fatal virus.
"In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States", Trump said.
This move has resulted in the downfall of the shares of many IT companies in India.NSE went through a loss of around 6 percent. Looking at the other companies Tata Consultancy Services(TCS), Infosys, Tech Mahendra, Wipro, HCL faced the losses in share between 1 percent to 5 percent.
To counter that, US President Donald Trump has signed an order to suspend the immigration into the United States temporarily as a bold move to save the Americans from the fatal virus.
"In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States", Trump said.
This move has resulted in the downfall of the shares of many IT companies in India.NSE went through a loss of around 6 percent. Looking at the other companies Tata Consultancy Services(TCS), Infosys, Tech Mahendra, Wipro, HCL faced the losses in share between 1 percent to 5 percent.
