India, April 4 -- Following the nosedive seen in the previous session, stocks are likely to show another significant move to the downside in early trading on Friday. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 3.0 percent.
Ongoing concerns about a global trade war are likely to weigh on Wall Street after China announced retaliatory tariff on U.S. goods in reaction to President Donald Trump's new levies.
China's finance ministry announced a 34 percent tariff will be imposed on all imported goods originating from the U.S. beginning on April 10.
The new tariff matches the "reciprocal tariff" Trump plans to impose on China, although the country will face a 54 percen...