Selling is being seen in major Asian markets in today’s business. At the same time, on the first Thursday, the US markets also closed on the decline.
Stock Market Update Today: Global cues are looking weak for the domestic stock market today. Selling is being seen in major Asian markets in today’s business. At the same time, on the first Thursday, the US markets also closed on the decline. Today i.e. on Friday the CPI inflation figures are to come. Investors should be cautious about this matter. On Thursday, Dow Jones fell by 638.11 points or 1.94 per cent and closed at 32,272.79. The S&P 500 index declined 2.38 percent and closed at 4,017.82. While the Nasdaq weakened by about 2.75 percent and closed at 11,754.23. High energy prices and supply chain disruptions also remain a concern for the market.
There was a slight softening in Brent crude. Crude is trading at $ 122 per barrel in the international market. While US crude is also above $ 120 per barrel. The 10-year bond yield in the US is at 3.053 per cent. Talking about the Asian markets, SGX Nifty is down 1.46 percent and Nikkei 225 is also down 1.46 percent. Strait Times 0.70 per cent and Hang Seng 0.93 per cent looking weak. Taiwan Weighted is down 0.95 per cent and Kospi is down 1.22 per cent. On the other hand, the Shanghai Composite is seeing 0.15 percent weakness.
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