Investing.com – Nifty 50 futures listed on Singapore Exchange SGX, an early indicator of the Nifty50, were found to be trading down 0.17% at 8.19am on Thursday, tracking a sell-off in global markets and indicating that Dalal Street was trading at 0.17%. Negative to flat note opening. Meanwhile, Dow Jones futures rose 0.1%.
With U.S. Treasury yields surging and the Federal Reserve tightening monetary policy, investors scrutinized a wide variety of corporate earnings, and Wall Street’s three major indexes fell amid a broad market sell-off, led by technology and growth stocks. rise.
Stocks have fallen sharply this month as investors gauge the Federal Reserve’s aggressive rate hikes in response to rising inflation.
The Nasdaq closed 10.7% below its November record high on Wednesday, confirming a market correction. The tech index has been revised four times in the past 2 years. Apple (NASDAQ: AAPL) shares fell 2.1%, while Qualcomm (NASDAQ: QCOM) fell 3.5%.
The Nasdaq Composite lost 1.15%, the S&P 500 lost 0.97% and the Dow Jones lost 0.96%.
Shares in Asian markets were mixed on Thursday, shrugging off losses on Wall Street on worries about a deepening global sell-off and an earlier-than-expected U.S. interest rate hike.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.48% at 8:15 a.m. on Thursday, while South Korea’s KOSPI gained 0.17% and Japan’s Nikkei 225 gained 0.5%.
Meanwhile, Hong Kong’s Hang Seng rose 1.67%, while China’s Shanghai Composite fell 0.43%.
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