Families and friends of Quan Hongchan and Chen Yuxi, Chinese gold and silver medalists in the Women's 10m Platform Final diving event, were filled with excitement as they watched from China on Tuesday.
Quan Hongchan grabbed the gold with 425.6 points, edging her compatriot Chen Yuxi to second place with 420.7. After competing together in the women's synchro event just days earlier, Quan and Chen pushed each other to their limits in the individual event, right up to the final dive.
In Zhanjiang City, Quan's hometown in south China's Guangdong Province, family and community members gathered in an auditorium to watch the Olympic broadcast, cheering enthusiastically for her through every dive until she won gold.
"She has made significant progress in her diving techniques and psychological resilience over the past few years. Especially in her psychological resilience, she overcame immense pressure and high-intensity challenges at the Olympics. I'm happy for her and proud of her," said Chen Huaming, Quan's initial coach.
In Shanghai, Chen's family and friends gathered at the Shanghai Sports Building to watch the broadcast. Before diving, Chen was a gymnast. Her former gymnastics coach, Liu Chaohui, praised her for overcoming significant challenges to deliver an impressive performance.
"The two girls shined in Paris with their best performances. I believe Chen overcame her injuries and presented her best. We look forward to her presence at the next Olympics. Chen Yuxi, you are excellent," said Liu.
Families, communities cheer from home for Chinese Olympic medalists in diving
The Indian stock market opened in the red on Thursday as Indian exports to the U.S. face a 27 percent tariff according to the United States' latest trade policy under President Donald Trump.
Economists are warning of the potential impacts on the Indian economy, while the country's Department of Commerce is examining the implications.
Market experts say that Indian equities are likely to experience some fluctuations but will recover after initial losses.
"Tariff means high cost. It means slightly low exports. So the stock markets will react negatively on the first day, but by the second day they will realize that it is basically relative disadvantage," said Ajay Srivastava, founder of the Global Trade Research Initiative.
"The worst depression that the global economy has seen in history happened because of the trade war that U.S. had unleashed, and I think we should be reminding ourselves to also be very resolute about what is going on," said Biswajit Dhar, an expert in international trade.
Other Asian countries face a similar situation, but with even higher tariffs. Experts say investors may relocate to India but with conditions.
"Some investors may feel for some labor intensive goods like electronics or garments and textiles, there is a possible chance to relocate to India, but investor needs certainty. They cannot operate in uncertain environment," said Srivastava.
The tariff move is part of the U.S. broader strategy to address the 46-billion-dollar trade deficit between the two countries. Trump has defended his policy, saying that these tariffs are designed to "level the playing field" and encourage fairer trade practices.
Indian stock market opens in red after Trump announces 27 percent tariff
