Mixed reaction is visible in major Asian markets in today’s trade. On the other hand, pressure was also seen in the US markets on Tuesday.
Stock Market Updates Today: Global cues are looking mixed for the domestic stock market today. Mixed reaction is visible in major Asian markets in today’s trade. On the other hand, pressure was also seen in the US markets on Tuesday. Investors looked cautious in the market due to fears of a rate hike by the US Fed, a rise in 10-year bond yields and a slowdown in economic growth due to rising inflation. On Tuesday, the S&P 500 declined 0.38 percent and closed at 3,735.48. The weakness of 152 points was seen in Dow Jones and it closed at the level of 30,364.83. While Nasdaq gained 0.18 percent and closed at 10,828.35 level.
The 10-year bond yield in the US touched 3.48 per cent on Tuesday, an 11-year high. At the same time, Brent crude is at $ 122 per barrel in the international market. While US crude is also trading at $ 119 per barrel. Talking about the Asian markets, SGX Nifty is down 0.07 percent and Nikkei 225 is down 0.59 percent. Whereas Strait Times is seeing a rise of 0.21 percent and Hang Seng 0.86 percent. Taiwan Weighted has also gained 0.13 per cent, but Kospi is down 1.07 per cent. Shanghai Composite is up 0.43 per cent.
Live Updates
Stock Market Live: Updates of every news of the stock market
Stock Market Live: Updates of every news of the stock market
