In today’s business, there is a huge decline in the major Asian markets. On the other hand, there is a slight increase in stock futures. But on Friday, the US markets closed on a steep decline. Investors’ eyes are on Russia and Ukraine tension. The rise in crude prices is also raising concerns.
Stock Market Update Today: Global sentiments are looking weak for the domestic stock market. In today’s business, there is a huge decline in the major Asian markets. Investors’ eyes are on Russia and Ukraine tension. At the same time, the rise in crude prices is also raising concerns. On the other hand, there is a slight rise in stock futures, but on Friday, the US markets closed on a heavy decline. Dow Jones declined by 504 points and closed at the level of 34,738. On the other hand, there was a weakness of 394 points in Nasdaq and it closed at the level of 13,791. While the S&P 500 index fell 85 points to end at 4,418.64. The fear of a war between Ukraine and Russia is worrying for investors, while there is also the fear of tightening interest rates by the US Fed. Rise in 10-year bond yields and inflation are also factors behind the market’s fall. The pressure on IT stocks continues. Talking about the Asian markets, SGX Nifty is down more than 1 percent and Nikkei 225 is down more than 2 percent. Hangseng and Taiwan Weighted are seeing more than 1.5 per cent weakness and Kospi is showing weakness by more than 2 per cent. Strait Times and Shanghai Composite are also trading in the red.
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