Sri Lanka, April 7 -- Investor sentiment took a significant hit this week as concerns mounted following the announcement of the newly imposed US tariffs, triggering a sharp downturn in the local equity market.
Fears that these trade measures would adversely affect the domestic economy became the dominant factor behind the market's substantial decline. This impact resonated globally, with major international indices also recording notable losses.
Domestically, the investors' primary concerns revolved around the potential currency fluctuations impacting the banking sector. Simultaneously, expectations of reduced demand for apparel exports, driven by the anticipated price increases, exerted downward pressure on the companies within the consu...