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Markets regulator <keyword id="35210" type="General" weightage="20" keywordseo="Sebi" source="Orion">SEBI</keyword> on Tuesday said it has recovered pending dues worth Rs 6.57 crore from Sahara India Real Estate Corporation, its chief <keyword id="31933" type="General" weightage="80" keywordseo="subrata-roy" source="Orion">Subrata Roy</keyword>, and others in the case pertaining to flouting norms in issuance of optionally fully convertible debentures. "In view of the payment of the amount of Rs 6.57 crore due under the certificate, the said certificate is hereby completed," the Securities and Exchange Board of India (SEBI) said in its recovery order. The amount included interest and other charges. The regulator in December ordered the attachment of bank and demat accounts of Sahara India Real Estate Corporation (now known as Sahara Commodity Services Corporation), Subrata Roy, <keyword id="1595961" type="General" weightage="50" keywordseo="ashok-roy-choudhary" source="Orion">Ashok Roy Choudhary</keyword>, Ravi Shanker Dubey and <keyword id="15891249" type="General" weightage="50" keywordseo="vandana-bharrgava" source="Orion">Vandana Bharrgava</keyword> to recover Rs 6.42 crore for violating regulatory norms in the issuance of OFCDs (Optionally Fully Convertible Debentures). This amount included interest, all costs, charges and expenses. The recovery proceedings were initiated against these entities after they failed to pay Rs 6 crore fine imposed on them by SEBI in June 2022. The case relates to the issuance of OFCDs by Sahara India Real Estate Corporation and Sahara Housing Investment Corporation during 2008-09. The companies raised money through the public issue of securities by issuing OFCDs without following the various procedures intended to protect the interest of the investors, in respect of public issues, prescribed under the norms. According to SEBI, the subscription towards the OFCDs was solicited by the two companies from the general public throughout the country, without adequately informing them about the risks involved in the instruments. The issuance was allegedly done in contravention of the provisions of the SEBI's ICDR (Issue of Capital and Disclosure Requirements) Regulations and PFUTP (Prohibition of Fraudulent and Unfair Trade Practices). SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/news/sky-gazers-in-for-celestial-treat-tonight-with-5-planets-forming-an-arc/articleshow/99063586.cms">Sky gazers in for celestial treat tonight with 5 planets forming an arc</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/electronic-manufacturing-services-firm-avalon-technologies-865-crore-ipo-to-open-on-april-3/articleshow/99063995.cms">Electronic manufacturing services firm Avalon Technologies’ ₹865 crore IPO to open on April 3</a>

SEBI recovers dues worth ₹6.57 crore from Sahara Group firms, Subrata Roy & others

SpiceJet Ltd on Monday said it has hived off its cargo and logistics business <keyword id="6866514" type="General" weightage="20" keywordseo="SpiceXpress" source="Orion">SpiceXpress</keyword> into a separate entity -- SpiceXpress and Logistics Pvt Ltd, from April 1. The move results in a one-time gain of Rs 2,555.77 crore for SpiceJet, substantially reducing its negative net worth, the company said. It also paves the way for SpiceXpress to raise funds independently, SpiceJet said. The decision to hive off SpiceXpress is in sync with the company's long-term business plan and will unlock significant valuation of the logistic business, SpiceJet Ltd Chairman Ajay Singh said. Singh further said "the separation of our cargo and logistics arm is a stepping stone in our growth story which shall unfold in the times to come". SpiceXpress reported a net profit of Rs 51.4 crore for the April-December period of FY23. "In a bid to boost the growth of its cargo business and provide a more streamlined and efficient service to its customers, SpiceJet Ltd has completed the hive off of its cargo and logistics division 'SpiceXpress' into a separate entity, SpiceXpress and Logistics Private Limited," the company said. The consideration for the slump-sale will be discharged by SpiceXpress by issuance of securities in the combination of equity shares and compulsorily convertible debentures to SpiceJet for an aggregate amount of Rs 2,555.77 crore which will also strengthen the balance sheet of SpiceJet, it said. According to Singh, "SpiceXpress will provide greater and differentiated focus to cargo and logistics business and will allow the possibility of raising capital for the business to accelerate its growth". Both SpiceJet and SpiceXpress have great potential and will complement each other well, he added. He also said that the hive off will not only enable SpiceXpress to raise cash independently, it will significantly reduce SpiceJet's negative net worth. "Having restructured over USD 100 million, outstanding dues to Carlyle Aviation Partner last month, the hive off will further strengthen and deleverage our balance sheet," Singh said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/avalon-technologies-ipo-top-10-points-about-this-electronic/slidelist/99201942.cms">Avalon Technologies IPO opens – 10 things you need to know before you subscribe</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/top-stocks-that-delivered-the-highest-yield-over-one-year/slidelist/99145713.cms">Time to bet on dividend income: Top stocks that delivered the highest yield over one year</a>

SpiceJet hives off cargo & logistics biz into separate entity from Apr 1

The <keyword id="6355302" type="General" weightage="20" keywordseo="rupee" source="Orion">rupee</keyword> depreciated 25 paise to 82.46 against the US dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 82.44 against the dollar, then fell to 82.46, registering a decline of 25 paise over its last close. On Friday, the rupee settled at 82.21 against the dollar. The <keyword id="75201" type="General" weightage="20" keywordseo="dollar-index" source="Orion">dollar index</keyword>, which gauges the greenback's strength against a basket of six currencies, rose 0.48 per cent to 102.99. Brent crude futures, the global oil benchmark, advanced 5.50 per cent to USD 84.28 per barrel. "... Appreciation in rupee shall remain limited to 81.50-81.80 zone where importer can target buying and upside shall for now remain protected towards 82.70-82.90 region for this week," CR Forex Advisors MD-Amit Pabari said. "With a holiday shortened week, highlights would be the RBI policy due on April 6 and US payrolls due on April 7," Pabari added. The Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global factors before coming out with the first bi-monthly monetary policy for fiscal 2023-24. The RBI has already increased the repo rate by a total of 250 basis points since May in a bid to contain inflation though it has continued to remain above the central bank's comfort zone of 6 per cent for most of the time. In the domestic equity market, the 30-share BSE Sensex was trading 64.56 points or 0.11 per cent lower at 58,926.96. The broader NSE Nifty declined 9.60 points or 0.06 per cent to 17,350.15. Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased shares worth Rs 357.86 crore, according to exchange data. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/avalon-technologies-ipo-top-10-points-about-this-electronic/slidelist/99201942.cms">Avalon Technologies IPO opens – 10 things you need to know before you subscribe</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/top-stocks-that-delivered-the-highest-yield-over-one-year/slidelist/99145713.cms">Time to bet on dividend income: Top stocks that delivered the highest yield over one year</a>

Weighed down by crude prices, Rupee falls 25 paise to 82.46/USD

<ul><li>A team of researchers from the Massachusetts Institute of Technology (MIT) have developed special proteins to help save the lungs of Coronavirus patients. </li><li>The immune system’s overreaction can cause a ‘<keyword id="7026456" type="UNKNOWN" weightage="20" keywordseo="Cytokine-storm">cytokine storm</keyword>’ that can be so harmful the lungs that it could lead to death. </li><li>The scientists have been working on the solution for nearly 10 years, far before the coronavirus pandemic came along. </li><li>The QTY code makes the proteins in amino acids hydrophilic instead of hydrophobic. </li></ul>Just because humans don’t have natural immunity against Coronavirus doesn’t mean that the body doesn’t try to fight back. One of the ways it can do this is by launching a ‘cytokine storm’ — a burst of immune overreaction. As the body fights against the virus in this manner, the excess protein also damages the lung leading to death. <div type="image" title="protein_edited" msid="75250934" hostid="261" caption="&amp;lt;p&amp;gt;This image shows schematic illustrations for Fc-fused QTY variant cytokine receptors with an antibody-like structure. These illustrations are not to scale and the receptor structures are significantly emphasized for clarity.&amp;lt;/p&amp;gt;"></div> A team of researchers at the Massachusetts Institute of Technology (<a href="http://news.mit.edu/2020/proteins-cytokine-storms-covid-19-0416">MIT</a>) have developed special proteins based on the structure of antibodies to soak up the excess cytokines — that could potentially save lives. “The idea is that they can be injected into the body and bind the excessive cytokines as generated by the cytokine storm, removing the excessive cytokines and alleviating the system from the infection,” said <a href="http://news.mit.edu/2020/proteins-cytokine-storms-covid-19-0416">Rui Qing</a>, one the senior authors of the study published in the Quarterly Review of Biophysics (QRB) Discovery. The next step will be to test their proteins in humans cells and in animal models of cytokine release to mimic what happens during coronavirus infection, according to David Jin, CEO and President of Avalon Globo Care — a biotech and healthcare services company listed on the New York Stock Exchange — who is also one of the authors of the paper. The solution was 10 years in the making Shuguang Zhang, another senior author of the paper and a principal research scientist in the MIT Media Lab’s Laboratory of Molecular Architecture, began working on blocking the effects of cytokine storm using a modified version of membrane-embedded proteins 10 years ago. When studies started to suggest that COVID-19 was inducing cytokine storms in a few patients, the researchers realised that their custom-made receptor proteins might be able to help. “As it turns out, our research initiated in April 2019 is directly relevant to the treatment of COVID-19 infected patients,” said <a href="http://news.mit.edu/2020/proteins-cytokine-storms-covid-19-0416">Zhang</a>. Making proteins water friendly The process calls for replacing some of the hydrophobic amino acids with others hydrophobic amino acids which have a similar structure. That means instead of repelling water molecules, they will now be able to form an ionic or hydrogen bond with water molecules. The scientists call this the QTY code. The method can modify the hydrophobic regions of the proteins by making them soluble in water. Ordinarily, these proteins have proven difficult to study because once they’re extracted from a cell’s membrane — they are unstable. Being hydrophilic also means that it’s easier for the proteins to travel through the human bloodstream. Else, the hydrophobic versions of the proteins would likely stick to cells that they encounter. The scientists also attached antibody segments called ‘the Fc region’ to their receptor proteins. This is the tail region of an antibody that interacts with cell surface receptors. It allows the antibodies to activate the immune system. To address cytokine storms, adding the Fc region further stabilises the proteins in the bloodstream and makes them less likely to be attacked by the immune system that they’re trying to protect. “Obviously this approach will need further animal studies, and potentially human clinical studies,” said Jin from Avalon Globo Care. “But we have confidence that this discovery will contribute to clinical applications to address viral diseases that involve cytokine storms,” he added. See also: <a href="https://www.businessinsider.in/tech/apps/news/zoom-is-under-fire-in-india-and-it-plans-to-win-back-the-governments-favour-with-end-to-end-encryption/articleshow/75249381.cms">Zoom is under fire in India and it plans to win back the government's favour with end-to-end encryption</a> <a href="https://www.businessinsider.in/india/news/avoid-close-up-photos-of-officials-recipients-during-covid-19-relief-work-crpf-to-units/articleshow/75249484.cms">Avoid close-up photos of officials, recipients during COVID-19 relief work: CRPF to units</a> <a href="https://www.businessinsider.in/international/news/air-pollution-linked-with-higher-covid-19-death-rate-study/articleshow/75249351.cms">Air pollution linked with higher COVID-19 death rate: Study</a>

MIT scientists find a way to protect lungs of Coronavirus patients from ‘cytokine storms’

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Ford</div></div></div><ul class="summary-list"><li>The new cars that owners keep the longest are mostly sports cars and SUVs, <a href="https://www.iseecars.com/used-car-finder#section=studies&amp;study=cars-kept-longest-2019">according to a study</a> by iSeeCars.com.</li><li>The only car on the list that isn't a sports car or SUV is the Toyota Avalon, a full-size sedan.</li><li>The longest retained new car is the Toyota Land Cruiser, which owners keep for an average of 11.4 years.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>The new cars that owners keep the longest before reselling are mostly sports cars and SUVs, <a href="https://www.iseecars.com/used-car-finder#section=studies&amp;study=cars-kept-longest-2019">according to a study</a> by car search engine iSeeCars.com.Most owners keep their new cars for an average of 8.4 years, but the ten vehicles on the list averaged 9.7 to 11.4 years.Almost all the sports cars on the list - with the exception of the Porsche 911 in the coupe body style - are the convertible versions. iSeeCars CEO Phong Ly claims this is because convertibles are the least-driven type of car and typically amass 60% fewer miles than the average car. Read more: <a href="https://www.businessinsider.com/10-cars-owners-give-up-resell-used-first-year-ownership-2019-9">The 10 cars owners ditch after less than a year more than any other, according to data </a>"Sports cars typically aren't daily drivers and don't accrue high mileage as a result, so it takes them longer to show signs of wear and tear," Ly said in a <a href="https://www.iseecars.com/used-car-finder#section=studies&amp;study=cars-kept-longest-2019">prepared statement</a>. "Because sports cars aren't typically used as primary vehicles, owners likely aren't as concerned with having the latest and greatest technology and safety features."iSeeCars.com analyzed over 5 million cars to identify which models were kept the longest before being sold by their original owners between January 1, 2014 and December 31, 2018. Cars owned for less than five years were excluded from the data set. Check out the new cars owners keep the longest:Get the latest Ford stock price<a href="http://markets.businessinsider.com/stock/f-Quote"> here.</a>

This list of the 10 new cars owners keep the longest reveals just how much American love their SUVs and sports cars

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Yury Stroykin / Shutterstock</div></div></div>I bought two humidifiers this winter. First, the $40 Holmes Warm Mist Humidifier. Second, the $200 Avalon Ultrasonic Warm/Cool Mist Digital Humidifier.Why buy a humidifier? I got the first because my apartment was cold and dry. I got the second to see what a high-end model is like.Humidifiers, it turns out, get pretty complicated. My Avalon has an ultrasonic high-frequency oscillator that breaks up water into tiny particles and a ceramic filter made of silver ions. What does all that mean? I'll let you know when I figure it out.The thing is, humidifiers are pretty great. I've discovered this - Avalon blasting in one room and Holmes in the other - and I've learned about many supposed benefits too.CV Skinlabs founder <a href="http://cvskinlabs.com/about/founder-creator/">Britta Aragon</a> names ten of them at <a href="https://www.bewell.com/blog/10-ways-a-humidifier-improves-your-health-skin-and-household-this-winter/">Be Well</a>. Among them:-Reduced risk of infections (<a href="http://www.bbc.com/future/story/20151016-the-real-reason-germs-spread-in-the-winter">viruses and bacteria can't travel as well in moist air</a>).-Softer, more vibrant skin (<a href="http://www.doctorclaudia.com/top-5-winter-skin-myths/">cold, dry air draws out moisture</a>).-Comfortable sinuses.-Faster healing times (because better sinus health).-Improved sleep.From what I can tell, it just feels nice to have them on.The Holmes Warm Mist Humidifier seems decent: <a href="https://www.amazon.com/Holmes-Warm-Mist-Humidifier-HWM6008-NUM/dp/B009U5APRE">a version on Amazon</a> has 4 stars and 130 reviews. It certainly gets the job done. My only complaint, aside from a faint and occasionally annoying trickling sound, is the somewhat arduous cleaning process you're meant to do daily and weekly. (<a href="https://www.bewell.com/blog/10-ways-a-humidifier-improves-your-health-skin-and-household-this-winter/">Aragon says</a> you can get away with cleaning once a week if you use distilled or demineralized water; also using a filtered humidifier and changing the filters regularly helps.)The Avalon Digital Humidifier is no doubt sleeker, a black and white device that lights up neon blue and sprays a fine mist into the air, and it's also apparently pretty good. It has <a href="https://www.amazon.com/gp/product/B01N9LGHKR/ref=oh_aui_detailpage_o01_s00?ie=UTF8&amp;psc=1">5 stars and 5 reviews on Amazon</a>, at least some of them convincing. Reviewer Fuzzy Wuzzy, in a post on December 28, 2016, announced that the manufacturer had listened to their past concerns and responded to all of them in its 2016 model. "The machine is the best cool/warm mist humidifier I have used," Fuzzy Wuzzy writes. "It's very similar to the ones we see on Asian drama shows and wish we always had ..." Top 500 Reviewer Jonny_Amazon, in a post on December 29, offered his own praise: "This humidifier has premium and luxury written all over it ..."Personally, I'm still unsure what makes a good humidifier. Confusingly, Avalon also sells a different $200 humidifier: that one, which has <a href="https://www.amazon.com/Avalon-Premium-Ultrasonic-Digital-Humidifier/dp/B01M5KQTSX/ref=sr_1_3?s=home-garden&amp;ie=UTF8&amp;qid=1483731139&amp;sr=1-3&amp;keywords=avalon+humidifier">4.5 stars and 67 reviews on Amazon</a>, has a different technological approach, making use of replaceable filters instead of a ceramic filter among other differences. Again, I'll let you know if I figure it out.Regardless, humidifiers seem like a good thing to have in the winter. I'm glad to have two going right now. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/middle-seats-airline-sliding-design-video-2016-12">Airplane designers have a brilliant idea for the middle seat</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="NoeHRmNDE6N-cSWIqmFSRD9PkKQAaaV2" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Why I bought a humidifier - and you should too

<div class="KonaFilter image-container display-table"><div><div class="image on-image">REUTERS/Lucas JacksonTraders on the floor of the New York Stock Exchange.</div></div></div><ul><li>A handful of large bank stocks are cheaply valued right now. Some strategists say that bodes poorly for the broader market.</li><li>The financials sector is the third-largest sector in the S&amp;P 500, with a 13% weighting, behind technology (20%) and health care (15%).</li><li>Banking conditions can be indicative of consumers' spending, lending, deal-making, and other economic activity.</li><li><a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> and <a href="https://markets.businessinsider.com/stocks/c-stock">Citi</a> shares are trading at a relatively low price-to-book ratio, a measure of their valuations that compares a stock's current price against its book value.</li></ul>Bank stocks are flashing what some on Wall Street see as a huge economic warning sign.Take Goldman Sachs, trading below the value of its assets at a level not seen in six years. Its plunging price-to-book ratio mirrors some of its big bank peers. While the bank has its own issues - it's embroiled in a scandal that may command billions in fines - some see a bigger, gloomier picture."Fear of an economic slowdown in the US are being reflected in the P/B of financials," said Sam Rines, chief economist at Avalon Advisors, a Houston, Texas-based investment firm. "In my opinion, it is one of the more obvious ways the market participants are signaling their opinion about the timing of a recession. And they are telling us it is coming soon."Goldman Sachs is trading at a price-to-book ratio of 0.81, near its lowest level in six years. Citigroup, meanwhile, is trading at a ratio of 0.70, <a href="https://markets.businessinsider.com/stocks/ubs-stock">UBS</a> at 0.84, <a href="https://markets.businessinsider.com/stocks/barclays-stock">Barclays</a> at 0.49, and <a href="https://markets.businessinsider.com/stocks/cs-stock">Credit Suisse</a> at 0.63. The price-to-book ratio offers investors a look at a stock's valuation by comparing its current price to the value of the company's assets. Goldman Sachs, specifically, has plunged 25% in three months amid the ongoing investigation <a href="https://www.businessinsider.com/1mdb-timeline-the-goldman-sachs-backed-malaysian-wealth-fund-2018-12">into the bank's dealings in Malaysia</a> and the Federal Reserve <a href="https://www.businessinsider.com/federal-reserve-interest-rate-statement-december-2018-2018-12">tempering its interest-rate hiking cycle</a> for the coming year.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Business Insider/Andy Kiersz, data from Bloomberg</div></div></div>Financials is the third-largest sector in the S&amp;P 500, with a 13% weighting, behind technology (20%) and health care (15%). Banking conditions can be indicative of consumers' spending, lending, deal-making and other economic activity.While current economic data is not backing up the likelihood that a recession is imminent, financial markets are pricing one in, Rines told Business Insider in an email. Investors' fears of the Federal Reserve hiking too quickly and the flattening yield curve, which typically negatively impacts banks' net interest margins, are other factors weighing on the group, he said.Read more: <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-disconnect-sp-500-10-year-2018-12-1027832470">'Something is wrong': 2 major US markets are out of whack</a>"Simply, there are numerous 'ifs' hanging around the sector," Rines said. "The current valuations make sense if a recession is imminent or if the Fed is committing a policy error or if there are a wave of defaults coming. As these fears dissipate, the P/B should begin to reflect these realities."More broadly, banks tend to act reliably as a leading indicator for the stock market, said Matt Maley, an equity strategist at Miller Tabak. That was evident in how the <a href="https://markets.businessinsider.com/etfs/spdr-s&amp;p-bank-etf">KBW Bank ETF (KBE)</a>, a popular bank-tracking exchange-traded fund, rallied ahead of the <a href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> in 2009, rolled over ahead of the S&amp;P 500 in 2015, and took off ahead of the S&amp;P 500 in the wake of the 2016 US presidential election. The KBE has now lost 21% in three months."This year, the group's under-performance earlier in the year foreshadowed the recent decline in the broad market," Maley told Business Insider in an email. "What worries me is that the group looked like it was trying to stabilize, but the fact that it has fallen so sharply in the last week or so does not bode well for the broader market next year. Of course, the banks could finally be getting washed-out, but we'd have to see A LOT more upside follow-through if the banks are going to rally in a meaningful way."When it comes to valuation, he said, there is "no question" that the group is very cheap when measured by book value. Theoretically, this juncture should offer a solid buying opportunity for investors. However, he believes investors aren't jumping in just yet because the banks "usually don't bottom until the economy does."Now read:<ul><li><a href="https://markets.businessinsider.com/news/stocks/stock-market-news-best-performing-etfs-2018-2018-12-1027835446">Wild volatility, cybersecurity, and medical devices: These were the 11 best-performing ETFs of 2018</a></li><li><a href="https://markets.businessinsider.com/news/stocks/tech-stocks-heres-which-ones-got-hit-the-hardest-2018-12-1027835447">Tech stocks got mauled this year - here's which ones got hit the hardest</a></li></ul> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/2019-market-outlook-blackrock-kate-moore-on-trade-war-possible-recession-2018-12">The equity chief at $6.3 trillion BlackRock weighs in on the trade war, a possible recession, and offers her best investing advice for a tricky 2019 landscape</a></h3> <div> </div> </div>

A critical corner of the stock market is reflecting fears that the economy is slowing down

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Associated PressPresident Donald Trump talks with reporters before departing on Marine One for the Air Force Academy graduation ceremony, Thursday, May 30, 2019, in Washington. (AP Photo/Evan Vucci)</div></div></div><ul><li><a href="https://markets.businessinsider.com/indices">Stock markets</a> around the world were thrown into disarray Friday after President Donald Trump unexpectedly announced he planned to impose <a href="https://markets.businessinsider.com/currencies/news/donald-trump-mexico-tariff-threat-peso-reaction-2-2019-5-1028245402">tariffs</a> on US-bound goods from Mexico. </li><li>Strategists and economists think the worst is yet to come.</li><li><a href="https://markets.businessinsider.com/">Visit Markets Insider's homepage for more stories</a>.</li></ul>Investors already on edge from the ongoing trade war between the US and China are dealing with a new headache.Financial markets were thrown into disarray on Friday after President Donald Trump <a href="https://twitter.com/realDonaldTrump/status/1134240653926232064">threatened</a> to impose tariffs, starting June 10, on all the goods the US imports from Mexico until the "illegal immigration problem is remedied."Global equities <a href="https://markets.businessinsider.com/news/stocks/stocks-drop-after-trumps-mexico-tariffs-china-data-hit-markets-2019-5-1028244349">plunged</a>. The Mexican <a href="https://markets.businessinsider.com/currencies/news/donald-trump-mexico-tariff-threat-peso-reaction-2-2019-5-1028245402">peso</a> cratered. Germany's 10-year Bund yield scraped to the deepest below zero on <a href="https://www.ft.com/content/59fac40c-836c-11e9-b592-5fe435b57a3b">record low</a>. The <a href="https://markets.businessinsider.com/index/vix">VIX</a>, the S&amp;P 500's "fear gauge," touched a two-week high. And strategists, economists, and analysts up and down Wall Street warned the worst is yet to come."So this is no more about free and fair trade, reciprocity, and protection of technological expertise," Peter Boockvar, the chief investment officer at Bleakley Advisory Group, said Friday in an emailed report he called "Serenity Now.""Tariffs can be thrown around as an economic bomb for anything now," he said. "Global growth rates will only continue to suffer."The Trump administration's sudden <a href="https://www.whitehouse.gov/briefings-statements/statement-president-regarding-emergency-measures-address-border-crisis/">announcement</a> comes as Washington and Beijing are locked in their own trade dispute that has been <a href="https://markets.businessinsider.com/news/stocks/us-china-trade-war-timeline-updated-tariffs-timeline-2019-5-1028227195">dragging on for over a year</a>. Experts say the duties Trump is threatening could heavily impact supply chains between the US and Mexico - and inject a new wild card into equity markets.A bonus just for you: <a href="https://www.businessinsider.com/subscription/try-prime?ms?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.businessinsider.com/subscription/try-prime?ms&amp;source=gmail&amp;ust=1559395358552000&amp;usg=AFQjCNFQxvGAwytr10LuNNPVy5uIKI61vA">Click here to claim 30 days of access to Business Insider PRIME</a>"Despite a less severe impact on GDP, the impact on supply chains and economic activity could be significant, implying that financial markets could be affected materially," Nomura research analysts led by Lewis Alexander said in a note out Thursday.Automobiles and capital goods are two groups particularly sensitive to the proposed tariffs as they accounted for most of the US's imports from Mexico last year, the analysts said. Auto stocks like <a href="https://markets.businessinsider.com/stocks/gm-stock">General Motors</a> and <a href="https://markets.businessinsider.com/stocks/f-stock">Ford</a> slid on Friday, and a team of Deutsche Bank economists said the anticipated costs for US automakers would be "crippling.""With businesses already grappling with the ramp up in US-China trade tensions, further uncertainty created by tonight's announcement could amplify a decline in business confidence," they wrote.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Nomura.US goods imports from Mexico by type of product in 2018, per Nomura.</div></div></div>The development knocked down equity markets, at least in the US, that were already in the midst of a dismal run. May marked the first negative month of 2019, and the Dow Jones Industrial Average fell for a sixth-straight week. The S&amp;P 500's "large topping pattern remains in effect, which, after the latest Tariff news on Mexico, has a chance of playing out further now," said Frank Cappelleri, the chief market technician at Instinet, told clients Friday.He added in a note out early Friday called "Mayhem" that the S&amp;P 500 has "decidedly broken down," with a downside target of 2,650. The benchmark index has already fallen 7% from its May 1 high, and that would mean a drop of another 3.6% from here. Still, the question remains whether Trump's announcement is a negotiating tactic or whether the proposed tariffs will be implemented on June 10. "Could the threat of monthly escalating tariffs on Mexico be a negotiating ploy? Certainly," Sam Rines, the chief economist at Avalon Advisors, told clients on Friday."That might even be the most probable outcome of the threat. But - even if it is just a negotiating ploy - it is not something that can be ignored. The threat creates incremental uncertainty, further crippling already flagging business investment."Read related coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/news/stocks/us-china-trade-war-57-billion-out-of-emerging-markets-2019-5-1028245806">The US-China trade war just sparked a $14.6 billion exodus from emerging markets</a><a href="https://www.businessinsider.com/trump-trade-policy-mexico-tariffs-worsening-trade-war-hurting-economy-2019-5">Trump's latest trade-war grenade has the global economy heading towards a scenario where no one wins</a><a href="https://markets.businessinsider.com/currencies/news/donald-trump-mexico-tariff-threat-peso-reaction-2-2019-5-1028245402">The Mexican peso is getting clobbered after Trump threatens to hit Mexican goods with tariffs</a><a href="https://markets.businessinsider.com/news/stocks/stocks-drop-after-trumps-mexico-tariffs-china-data-hit-markets-2019-5-1028244349">Avocado buyers Chipotle and Calavo Growers are getting slammed as Trump's Mexico tariffs threaten to raise prices</a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/steve-from-blues-clues-today-video-2017-1">'Blue's Clues' is making a comeback with a new look and new host. Here's what the original host, Steve Burns, did after he quit the show.</a></h3> <div> </div> </div>

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