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CliQ INDIA > Business > Weak signal from global market, pressure on Asian markets as well
Business

Weak signal from global market, pressure on Asian markets as well

CliQ INDIA
CliQ INDIA
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New Delhi: Weak signals are visible from the global market on Monday. In the previous trading session, all three Wall Street indices closed with losses and European markets closed in mixed trade. Today the Asian markets are also under constant pressure. In Asia, except Nikkei and Straits Times Index, all the remaining seven major markets are trading with a decline.

During the last trading session, the pressure on the US market was seen to increase. The Dow Jones closed at 33,926.01, down 127.93 points, or 0.38 percent. Similarly, the S&P 500 index ended the previous session’s trading at 4,136.48 points, down 1.04 per cent. Apart from this, the Nasdaq lost 193.86 points, ie 1.59 percent, to close at the level of 12,006.96 points.

It is noteworthy that the unemployment rate in America has declined by 0.1 percent. The unemployment rate has reached its lowest level since 1969. Along with this, the figures of non-perform payroll in America have also improved. Despite this, due to the uncertainty of tomorrow’s trade balance data, the US market remained under pressure in the last trading session.

European markets closed with mixed trade during the previous trading session. The FTSE index closed at 7,901.80, up 81.64 points, or 1.03 percent. Similarly, the CAC index ended the previous session’s trading at a level of 7,233.94 points with a strength of 0.94 per cent. On the other hand, the DAX index closed at a level of 15,476.43 points with a decline of 0.21 percent.

The Asian markets seem to be under constant pressure today. Here, except Nikkei and Straits Times Index, all other indices are seen trading with a decline. SGX Nifty is trading at a level of 17,831.50 points with a weakness of 0.05 percent. Today, there is a trend of big decline in the Hang Seng index. This index is currently trading at the level of 21,160.25 points, falling 500.22 points or 2.31 percent. Similarly, the Taiwan Weighted Index is trading at the level of 15,451.48 points with a weakness of 151.18 points, or 0.97 percent. On the other hand, the Kospi index is seen trading at the level of 2,454.73 points, falling 1.03 percent in the business so far. Apart from this, the Set Composite Index declined by 0.37 percent to the level of 1,682.03 points, the Jakarta Composite Index declined by 0.62 percent to the level of 6,869.17 points and the Shanghai Composite Index was trading down by 1.02 percent to the level of 3,230.52 points.

On the other hand, the Nikkei index is currently trading at a level of 27,729.54 points with a gain of 222.08 points i.e. 0.80 percent. Similarly, the Straits Times Index is also seen trading at a level of 3,390.11 points with an increase of 0.17 percent.

 

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