In today’s business, heavy selling is being seen in the major Asian markets. While stock futures are also looking weak after heavy selling in the US markets on Friday.
Stock Market Updates Today: Global signals for the domestic stock market are looking very weak. Heavy selling is being seen in major Asian markets in today’s business. While stock futures are also looking weak after heavy selling in the US markets on Friday. On Friday, the Dow fell by 880 points or 2.7 percent. The S&P 500 index was down 2.9 percent and the Nasdaq 3.5 percent. Talking about the last full week, the Dow and S&P 500 were down 4.6 percent and 5.1 percent. Whereas Nasdaq had a weakness of 5.6 percent. Inflation data spoiled the mood in the US on Friday. Fearing economic slowdown, investors sold off. The US Consumer Price Index rose 8.6 percent year-on-year last month. This is the highest increase in inflation since December 1981.
Brent crude is close to $ 120 per barrel, while American crude is also at $ 118 per barrel. The 10-year bond yield in the US is at 3.199 per cent. Talking about the Asian markets, SGX Nifty is showing weakness of about 2 percent and Nikkei 225 by 2.64 percent. Strait Times is down 0.95 per cent and Hang Seng is down 2.68 per cent. Taiwan Weighted has weakened by 2.36 percent, Kospi also has a weakness of 2.77 percent and Shanghai Composite is down 1.05 percent.
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