New Delhi, Sept 24 (HS): Global markets signaled weakness on Tuesday following a sell-off on Wall Street after U.S. Federal Reserve Chair Jerome Powell warned of persistent inflationary pressures and risks to economic growth. While Dow Jones futures indicated some resilience in early trade today, most Asian markets are currently trading under pressure with widespread selling.

Wall Street Slide

On Tuesday, the Dow Jones Industrial Average slipped nearly 400 points from its intraday high before closing in the red. The S&P 500 fell 0.55 percent to close at 6,656.92, while the Nasdaq Composite tumbled 215.50 points, or 0.95 percent, to finish at 22,573.47.

However, Dow Jones futures were trading 0.19 percent higher at 46,381.89 in early Wednesday trade, reflecting marginal optimism.

Mixed European SessionEuropean benchmarks closed on a mixed note in the previous session. The FTSE 100 ended flat with a marginal 0.04 percent dip at 9,223.32. The CAC 40 in Paris gained 0.53 percent to close at 7,872.02, while Germany’s DAX climbed 0.36 percent to settle at 23,611.33.

Asia Under Selling Pressure

Asian equities largely mirrored the global mood, with 7 out of 9 major regional indices trading in negative territory. The Hang Seng Index bucked the trend, rising 272.88 points, or 1.03 percent, to 26,432, while the Shanghai Composite Index advanced 0.63 percent to 3,845.91.On the downside, GIFT Nifty slipped 140 points, or 0.55 percent, to 25,104. South Korea’s Kospi dropped 0.87 percent to 3,456, while Taiwan’s Weighted Index fell 0.37 percent to 26,151.07. Singapore’s Straits Times Index declined 0.19 percent to 4,294.44, and Japan’s Nikkei 225 weakened by 0.12 percent to 45,438.

The Jakarta Composite Index also eased 0.02 percent to 8,123.27, while Thailand’s SET Composite dipped marginally by 0.04 points to 1,273.16.

Hindusthan Samachar / Jun Sarkar