Asian Markets Trade Lower Tracking Overnight Losses On Wall Street; D-Street To Open In The Red?
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- Опубліковано 9 жов 2024
- Asian markets traded mostly lower, tracking overnight losses on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.05%.
Japan’s Nikkei 225 declined 0.75%, while the Topix fell 0.88%. South Korea’s Kospi dropped 0.61%, and the Kosdaq fell 0.14%. Chinese markets jumped over 10% at open after coming back from a long holiday. The CSI 300 index rallied 10.2%, while Hong Kong’s Hang Seng index declined over 3%.
Gift Nifty was trading around 24,860 level, a discount of nearly 130 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
US stock market ended lower on Monday dragged by a sell-off in technology stocks.
The Dow Jones Industrial Average dropped 398.51 points, or 0.94%, to 41,954.24, while the S&P 500 declined 55.13 points, or 0.96%, to 5,695.94. The Nasdaq Composite ended 213.94 points, or 1.18%, lower at 17,923.90.
Here's the trade set-up for today.
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