Weakness is being seen in major Asian markets in today’s trading. On the other hand, after yesterday’s decline, there is an increase in stock futures today.
Stock Market Update Today: Global market sentiments are looking weak for the domestic stock market. Weakness is being seen in major Asian markets in today’s trading. On the other hand, after yesterday’s decline, there is an increase in stock futures today. On Monday, there was a fall in the US markets. On Monday, the Nasdaq Composite fell 2.18 percent and closed at 13,411.96. There was a weakness of 413 points in Dow Jones and it closed at the level of 34,308. On the other hand, the S&P 500 index slipped 1.69 to close at 4,412.53. Investors remain concerned about increasing interest rates amid rising inflation. At the same time, the 10-year bond yield has gone up to 2.79 percent, which is the highest since January 2019. Brent crude fell below $100 on Monday. As for Asian markets
SGX Nifty is down 0.87 percent, Nikkei 225 is down 1.44 percent and Strait Times is seeing a decline of 0.53 percent. Hangseng is looking strong by 0.23 percent, while Taiwan Weighted is up 0.26 percent. Kospi is trading down 1.27 percent and Shanghai Composite 0.36 percent.