Export-Oriented Textile & Shrimp Stocks Rally on India–US Trade Deal

Export-focused textile and shrimp feed stocks surged on February 3 after India and the US concluded a bilateral trade deal cutting tariffs on Indian imports from 25 percent to 18 percent. After earlier losses triggered by higher US tariffs, renewed optimism over improved trade terms boosted stocks of exporters that derive a significant share of revenue from the US market.