Due to the rise in the price of crude oil in the international market, increase in US treasury yield and continuously increasing tension in West Asia, there is an environment of working at minimum risk in most of the stock markets around the world.
Most of the investors all over the world are seen trading in a cautious posture. Because of this, there are signs of weakness from the global market today.
Due to global pressure, US markets closed with a decline during the last session. Dow Johns Futures also seems to be trading with slight weakness today.
There was continuous selling pressure in the European market during the last session. Similarly, all-round selling is being seen in the Asian market today.
Due to the increasing tension in West Asia and its negative impact on the US economy, investors were seen avoiding taking risks in the US market during the last session.
Wall Street indices closed in the red due to investor caution. The S&P 500 index fell 0.71 percent to close at 7,631.47 points.
Similarly, Nasdaq fell 271.11 points or 1.03 percent and ended the last session’s trading at the level of 26,099.77 points.
At the same time, Dow Johns Futures is currently seen trading at the level of 52,762.66 points with a symbolic weakness of 0.01 percent.
There was continuous pressure in the European market during the last session. The FTSE index closed at 10,789.28 points, down 0.32 percent.
Similarly, the CAC index slipped 0.39 percent and ended the last session’s trading at the level of 8,301.85 points. Apart from this, DAX index fell by 288 points or 1.11 percent and closed at the level of 25,970.11 points.
There is continuous selling in the Asian market today. All nine market indices in Asia are trading under pressure.
GIFT Nifty is trading at the level of 23,934 points with a weakness of 117 points or 0.49 percent. Similarly, Jakarta Composite Index declined by 0.15 percent to reach the level of 6,589.98 points.
There has been a huge decline in Kospi index today. Currently, this index has fallen by 256.23 points or 3.75 percent to the level of 6,579.57. Similarly, Nikkei index has also become a victim of tremendous weakness today.
At present this index has slipped by 1,962.34 points or 2.96 percent and has reached the level of 64,253 points. Apart from this, Taiwan Weighted Index has fallen by 716.29 points or 1.53 percent to the level of 46,232.43 points.
At the same time, Hang Seng Index has fallen by 276.73 points or 1.10 percent and has reached the level of 25,053 points. Apart from this, Shanghai Composite Index fell by 0.82 percent to the level of 3,947.26 points, SET Composite Index slipped by 0.78 percent to the level of 1,576.23 points and Straits Times Index fell by 0.02 percent to the level of 5,709.051 points.