Delhi, 13 October (H.S.): Global markets are indicating weakness on Monday, with US markets closing lower in the previous session and Asian indices experiencing a broad-based sell-off today. While Dow Jones Futures are showing strength in early trading, European markets also ended the last session under significant pressure.
Fears of a deepening trade war between the United States and China created a cautious atmosphere on Wall Street during the previous session, leading to sharp declines in major indices. The S&P 500 index fell by 182.60 points, or 2.71 percent, to close at 6,552.51.
Similarly, the Nasdaq Composite saw a substantial drop of 820.20 points, or 3.56 percent, ending its session at 22,204.43. However, following a softer stance on China tariffs by Donald Trump on Sunday, Dow Jones Futures are currently trading higher, up 361.80 points (0.80%) at 45,841.40.
European markets also experienced consistent selling pressure in their last session. The FTSE index closed 0.87 percent lower at 9,427.47, while the CAC index fell by 123.36 points (1.56 percent) to end at 7,918. The German DAX index also declined, dropping 369.79 points (1.53 percent) to close at 24,241.46.
The selling trend has continued in Asian markets today. Seven of the nine major Asian indices are trading in the red, with one showing marginal gains. Thailand’s stock exchange is closed for a holiday, so its SET Composite Index remains unchanged. The Jakarta Composite is the sole gainer, trading up by a nominal 0.01 percent at 8,258.28.
Major Asian Indices DeclineGIFT Nifty is trading down 163.50 points (0.64 percent) at 25,238.50.Japan’s Nikkei 225 has fallen 491.64 points (1.02 percent) to 48,088.80.Hong Kong’s Hang Seng index has seen a significant plunge, currently down 924.32 points (3.52 percent) at 25,366.
South Korea’s KOSPI index is trading 1.70 percent lower at 3,549.14.The Taiwan Weighted Index has slipped 424.61 points (1.56 percent) to 26,877.31.The Shanghai Composite has dropped 1.30 percent to 3,846.25.Singapore’s Straits Times Index is down 1.09 percent, trading at 4,378.93.
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Hindusthan Samachar / Jun Sarkar
