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Global market weakness induces widespread selling in Asia

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New Delhi, June 19(HS): Today, global markets are showing signs of weakness. The American markets concluded with mixed results, having traded under pressure in the prior session. Dow Jones futures reflect this trend by trading weakly today. European markets also faced selling pressure during the previous session, while Asian markets continue to exhibit predominant selling. Disappointment in the American market stemmed from the U.S. Federal Reserve’s decision to maintain interest rates and escalating tensions between Iran and Israel.

The Dow Jones dropped over 350 points from its peak, with the S&P 500 losing a slight 0.03 percent to close at 5,980.87 points, although the Nasdaq gained modestly by 0.13 percent to 19,546.27 points. Currently, Dow Jones futures stand at 42,121.05 points, down 0.12 percent. European markets closed mixed, with the FTSE up 0.11 percent at 8,843.47 points, while the CAC index fell 0.36 percent to 7,656.12 points, and the DAX decreased by 116.84 points or 0.50 percent to 23,317.81 points. In Asia, 8 out of 9 markets are trading in the red, with the GIFT Nifty showing a small gain of 0.08 percent at 24,830 points. Other indices, including Nikkei and Hang Seng, faced significant declines.

Hindusthan Samachar / Jun Sarkar

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