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Global Markets Mixed; Asian Trading Shows Divergent Trends

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New Delhi, October 8(HS): Global stock markets reflected mixed cues today, with Wall Street ending lower in the previous session, European markets closing marginally higher, and Asian indices showing divergent movements.

In the United States, a seven-day winning streak came to an end as all major benchmarks closed in the red. The S&P 500 shed 0.38%, settling at 6,714.59 points, while the Nasdaq Composite fell 153.30 points, or 0.67%, to 22,788.36. The Dow Jones Futures were trading 0.12% higher at 46,660.16 points at last check.

European trading was subdued but closed slightly positive. The FTSE 100 in London gained 0.05% to 9,483.58, France’s CAC 40 edged up 0.04% to 7,974.85, and Germany’s DAX rose 0.03% to 24,385.78.

Asian markets mirrored the mixed trend. Out of nine major indices tracked in the region, four were in the green and four in the red, with South Korea’s KOSPI flat due to a market holiday. The Straits Times Index in Singapore slipped 0.53% to 4,448.73, Indonesia’s Jakarta Composite fell 0.32% to 8,142.88, Hong Kong’s Hang Seng dropped sharply by 295.77 points, or 1.10%, to 26,662, and Taiwan’s Weighted Index declined 177.85 points, or 0.65%, to 27,034.10.

On the upside, India’s GIFT Nifty rose 0.19% to 25,271.50, China’s Shanghai Composite advanced 0.52% to 3,882.78, Thailand’s SET Composite climbed 0.49% to 1,311.65, while Japan’s Nikkei 225 registered a marginal gain of 0.02% at 47,959.

Hindusthan Samachar / Jun Sarkar

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