Weak Signals from Global Markets; Mixed Trend in Asian Trading

by

Bhupendra Singh Chundawat

New Delhi, August 4 (H.S.) โ€“ Global markets are showing weak signals today. The US markets witnessed a sharp decline in the previous session, although the Dow Jones Futures is currently trading in the green. Similarly, the European markets also faced heavy selling pressure in the last session. Meanwhile, Asian markets are exhibiting a mixed trend today.

Markets

In the previous session, US markets remained under consistent selling pressure, resulting in a negative close on Wall Street. The S&P 500 index fell by 101.38 points or 1.60%, closing at 6,238.01 points. Likewise, the Nasdaq declined by 472.32 points or 2.24%, ending the session at 20,650.13 points. However, the Dow Jones Futures is currently trading 162.69 points higher, up 0.37%, at 43,751.27 points.

European markets mirrored the weakness seen in the US. The FTSE index dropped by 0.71% to close at 9,068.58 points. The CAC index registered a steep fall of 225.81 points or 2.99%, ending at 7,546.16 points. Similarly, the DAX index declined by 639.50 points or 2.73%, closing at 23,425.97 points.

Asian markets are showing a mixed performance today. Out of the 9 major Asian indices, 6 are trading in the green while 3 are in the red. The Nikkei index is trading at 40,284 points, down by 515.60 points or 1.26%. The Taiwan Weighted Index is down by 126.40 points or 0.54%, trading at 23,307.98 points. The Jakarta Composite Index is also trading lower by 0.18%, at 7,524.06 points.

On the other hand, GIFT Nifty is up by 124 points or 0.50%, trading at 24,723 points. The Straits Times Index has risen by 0.65% to reach 4,181 points. The Kospi index is showing strong momentum, currently up by 1.02% at 3,151.18 points. Similarly, the SET Composite Index is trading at 1,224.65 points with a gain of 0.52%.

Additionally, the Hang Seng Index is trading at 24,574 points, up by 0.27%, while the Shanghai Composite Index has increased by 0.20%, reaching 3,567.02 points.

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