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Muted Wall Street, Mixed Europe Drive Weak Start in Asia

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New Delhi, August 19 (HS): Weak global cues are sending jitters across equity markets today, with most Asian indices trading in the red. Wall Street ended the previous session on a flat note, while Dow Jones Futures slipped slightly in early trade. European markets, too, closed mixed after a volatile session.

On Wall Street, sentiment remained cautious as investors stayed on the sidelines. The S&P 500 ended almost unchanged, slipping a symbolic 0.01% to 6,449.15 points. In contrast, the Nasdaq managed a marginal gain of 0.03%, closing at 21,629.77 points. Dow Jones Futures, however, are currently trading 0.05% lower at 44,889.17.

European indices offered little direction, closing with mixed results in the last session. London’s FTSE fell 0.21% to 9,157.74, while France’s CAC shed 0.50% to 7,884.05. Germany’s DAX also slipped, ending 0.18% lower at 24,314.77.

Asian markets are largely under pressure today. Out of nine major regional indices, six are trading in negative territory, while only three are holding gains. India’s GIFT Nifty is bucking the trend with a symbolic rise of 0.01%, trading at 24,964.50. Similarly, China’s Shanghai Composite is up 0.30% at 3,739.26, while Singapore’s Straits Times Index has advanced 0.54% to 4,210.13.

On the downside, Japan’s Nikkei is down 105.31 points or 0.24% at 43,609. Hong Kong’s Hang Seng has lost 0.11% to 25,149, while Taiwan’s Weighted Index slipped 0.45% to 24,372.47. South Korea’s Kospi is weaker by 0.29% at 3,168.22. Elsewhere, Thailand’s SET Composite has dropped 0.20% to 1,239.87, and Jakarta’s Composite Index is 0.14% lower at 7,887.42.

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Hindusthan Samachar / Jun Sarkar

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