Major Asian markets are witnessing a decline in today’s trade. On the other hand, stock futures are looking flat after Wednesday’s weakness.
Stock Market Update Today: Global cues are looking weak for the domestic stock market today. Major Asian markets are witnessing a decline in today’s trade. On the other hand, after Wednesday’s weakness, stock futures are looking flat today. US markets closed weak on Wednesday. There was a weakness of 269 points in Dow Jones and it closed at the level of 32,910.90. The S&P 500 index declined 1.08 percent and closed at 4,115.77. While the Nasdaq declined 0.73 percent and closed at 12,086.27. Economic growth is expected to remain weak. At the same time, the fear of impact on the earnings of companies due to inflation is also spoiling the sentiment. The 10-year bond yield in the US has again crossed 3 per cent.
Crude prices have also seen an increase. Brent crude is trading above $ 124 per barrel in the international market. While US crude is above $ 122 per barrel. Talking about Asian markets, SGX Nifty is showing a decline of 0.52 percent. If there is flat trading in Nikkei 225, then 0.28 percent weakness is seen in Strait Times and 0.08 percent weakness in Hang Seng. Taiwan Weighted is down 0.51 percent, while Kospi has also lost 0.63 percent. The Shanghai Composite is down 0.19 per cent.
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