Winds of alarm! Trump threatens India with 500% tariffs, Global X India Sector Leader Active Etf (03084.HK) instantly slumps.

NewTimeSpace Flash — Uncertainty spikes and US-India trade frictions reignite: Global X India Sector Leader Active Etf (03084.HK) remains under pressure, down more than 4 % year-to-date.

HKEX data show the fund tracks the Solactive India Large-Cap Index, offering one-click exposure to the 50 most liquid, biggest-cap Indian blue-chips across financials, IT, energy and consumer staples—the core pillars of the “India growth story”—and is the only pure-play large-cap India ETF listed in Hong Kong.

Market sentiment was further rattled by recent remarks from U.S. President Donald Trump and a draft bill targeting India.

On 7 January 2026 Trump signed the “2025 Russia Sanctions Act”, imposing tariffs of at least 500 % on countries that buy Russian uranium or oil products. Because India continues to purchase Russian crude, the bill proposes a punitive 500 % levy on Indian goods entering the United States.

Sector-wise, real-estate and auto shares led the slide, with the NSE Realty index falling sharply. Consumer names were also weak; both the durable-goods and fast-moving-consumer-goods indices dropped, reflecting worries over discretionary demand.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.