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Global Market update: Asian Markets Showing Upward Trend

Mixed signals from global markets, bullish trend in Asian markets

New Delhi, May 23 (HS): Today, the global market presents mixed signals. American markets wrapped up the previous session with varied outcomes. Notably, Dow Jones futures are witnessing an uptick. The European markets faced significant selling pressure, with the FTSE index down 0.54% at 8,739.26 points, the CAC index falling 0.59% to 7,864.44 points, and the DAX index dropping by 0.51% to 23,999.17 points. The American market had a disappointing session due to U.S. President Donald Trump’s tax bill, with the Dow Jones plummeting nearly 250 points and the S&P 500 index losing 0.04% to close at 5,842.01 points. Conversely, the Nasdaq experienced a gain of 0.28% at 18,925.73 points.

In Asia, a general buying trend is observed today, with seven out of nine markets in the green, while two indexes showed declines. The Straits Times index is down 0.20% at 3,872.33 points, and the Taiwan Weighted Index decreased by 0.13% to 21,643.76 points. Meanwhile, the GIFT Nifty rose 0.32% to 24,733.50 points, with the KOSPI up 0.13% at 2,596.99 points. Other notable gains include the Hang Seng (up 0.63%), Nikkei (up 0.52%), SET Composite (up 0.48%), Jakarta Composite (up 0.31%), and Shanghai Composite (up 0.08%).

Hindusthan Samachar / Jun Sarkar

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