In today’s business, a mixed reaction is being seen in the major Asian markets. At the same time, on Tuesday, there was a fall in the US markets.
Stock Market Update Today: Global signals are looking weak for the domestic market today. In today’s business, a mixed reaction is being seen in the major Asian markets. At the same time, on Tuesday, there was a fall in the US markets. On Tuesday, there was a weakness of 223 points in Dow Jones and it closed at the level of 32,990.12. The S&P 500 index declined 0.6 percent and closed at 4,132.15. Nasdaq declined 0.4 percent and closed at 12,081.39. There has been a 2.1 percent weakness in the Nasdaq for the whole of May. There is concern among investors about inflation. Economic growth is expected to slow down due to inflation. Inflation figures in Europe are also spoiling the sentiment.
There is a slight increase in the prices of Brent crude. Crude is trading at $116 per barrel in the international market. While US crude is at $115 per barrel. The 10-year bond yield in the US is at 2.873 per cent. Talking about the Asian markets, SGX Nifty is down 0.17 percent. The Nikkei 225 is up 0.70 percent and the Strait Times is up 0.47 percent. Hang Seng is down 0.42 per cent while Taiwan Weighted is down 0.24 per cent. The Kospi is seeing a strength of 0.61 percent, while the Shanghai Composite is down by 0.11 percent.
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