Weakness is being seen in major Asian markets in today’s trading. On the first Tuesday, there has been a great recovery in the US markets.
Stock Market Update Today: Global sentiments are looking mixed for the domestic stock market today. Weakness is being seen in major Asian markets in today’s trading. On the first Tuesday, there has been a great recovery in the US markets. Despite the aggressive approach on the rate hike by the US Fed and fears of a slowdown, investors bought fiercely in the market. On Tuesday, Dow Jones gained 641.47 points and closed at 30,530.25. The S&P 500 index was up 2.45 per cent and closed at 3,764.79. While the Nasdaq gained 2.51 percent and closed at 11,069.30.
Brent crude has seen a decline of about 2 percent. In the international market, crude has come close to $ 111 per barrel. At the same time, US crude is also around $ 109 per barrel. The 10-year bond yield in the US is at 3.271 per cent. Talking about the Asian markets, SGX Nifty is down 0.19 percent and Nikkei 225 is down 0.15 percent. About 0.54 percent weakness is seen in Strait Times and about 0.40 percent in Hang Seng. There is a decline of 1.21 percent in Taiwan Weighted, while there is a weakness of about 1.52 percent in Kospi. However, the Shanghai Composite has gained 0.10 per cent.
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