Major Asian markets are witnessing a decline in today’s trade. On the other hand, there has been pressure in stock futures.
Stock Market Update Today: Global signals are looking mixed for the domestic stock market today. Major Asian markets are witnessing a decline in today’s trade. On the other hand, there has been pressure in stock futures. Before this, a mixed reaction was seen in the US markets on Friday. There was some bounce in the S&P 500 but the overall week was the weakest since the year 2020. On Friday, there was a weakness of 38.29 points in Dow Jones and it closed at the level of 29,888.78. The S&P 500 gained 0.22 percent and closed at 3,674.84. While the Nasdaq gained 1.43 percent and closed at 10,798.35.
Softening is being seen in Brent crude. Crude is trading at $119 per barrel in the international market. While US crude is at $ 109 per barrel. The 10-year bond yield in the US is at 3.231 per cent. Talking about the Asian markets, a weakness of 0.26 percent is seen in SGX Nifty and 1.26 percent in Nikkei 225. Strait Times declined 0.19 per cent and Hang Seng 0.64 per cent. Taiwan Weighted has a weakness of 0.70 percent, while Kospi also looks weak by 2.18 percent. The Shanghai Composite is down 0.10 per cent.
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