New Delhi. There are mixed signals from the global market on Monday. US markets had closed with a decline during the last session, but on the first trading day of the week, Dow Jones Futures are seen trading strongly in the green.
There was an atmosphere of weakness in the European market during the last session, where the indices recorded a decline. There are signs of relief from the Asian market today, where most of the major indices are trading in the green with impressive gains. At present, only two markets in Asia seem to be in a bearish trend.
There was a huge fall in American stocks on Friday. Nasdaq, which includes tech companies, recorded its biggest intra-day decline since June 5 after disappointing quarterly results from Intel and Amazon.
These results further increased concerns about the huge spending being done by companies related to AI (Artificial Intelligence) on this new technology, under the pressure of which there was a slowdown in the US market indices.
The Dow Jones Industrial Average fell 572.25 points, or 1.09 percent, to close at 51,770.31. At the same time, the S&P 500 index ended the last session’s trading at the level of 7,580.07 points with a huge decline of 140.32 points or 1.82 percent.
Along with this, Nasdaq Composite also closed at the level of 25,437 points with a tremendous weakness of 747.73 points or 2.86 percent.
On the other hand, this morning Dow Jones Futures is currently seen trading at the level of 51,975.08 points with a gain of 204.77 points or 0.40 percent.
Amidst the recession in the American market, the European market also witnessed weakness during the last session. Germany’s DAX index closed at 25,818.21 points, down 221.47 points or 0.86 percent.
Similarly, France’s CAC index ended the last session’s trading at the level of 7,969.42 points with a nominal decline of 0.01 percent. At the same time, Britain’s FTSE index closed flat without any change at the level of 10,729.78 points.
Despite the huge fall in the US market during the last session, there seems to be an atmosphere of excellent recovery and strength in the Asian market this morning.
Out of the nine major markets of Asia, the indices of seven are trading in the green mark with gains, while only two indices remain in the red mark with weakness. Nifty, the gift giving initial signals for the Indian market, is showing a sharp upward trend this morning.
At present, this index is seen trading at the level of 23,333 points with a strong rise of 247 points i.e. 1.07 percent, which is a good sign for the domestic market.
Similarly, Japan’s Nikkei 225 index has also reached the green mark with a rise today. At present this index remains at the level of 63,520 points with an increase of 229.89 points or 0.36 percent.
There is a bullish trend in the Hong Kong stock market today. Here, Hangseng Index has currently reached the level of 23,414.00 points with an increase of 119.58 points or 0.51 percent.
At the same time, there seems to be a tremendous bullish trend in South Korea’s Kospi index today, where with the support of all-round buying, this index has taken a big jump of 128.44 points or 2.24 percent to the level of 5,859.18 points.
China’s Shanghai Composite Index is also trading in the green today. At present this index remains at the level of 3,640.93 points with a strength of 41.91 points or 1.16 percent.
Similarly, a slight improvement is visible in Thailand’s Set Composite Index today. This index has reached the level of 1,519.97 points with an increase of 1.38 points or 0.09 percent.
Apart from this, buyers are also seen active in Indonesia Stock Exchange today, due to which Jakarta Composite Index is trading at the level of 5,088.20 points with an increase of 31.15 points or 0.62 percent.
On the other hand, Singapore’s Straits Times Index seems to be working in the grip of recession today. At present this index is trading at the level of 5,302.90 points with a weakness of 73.84 points or 1.37 percent.
There is also a declining environment in Taiwan Stock Exchange today, due to which, under the pressure of profit booking, Taiwan Weighted Index has slipped by 240.90 points or 0.53 percent and remains at the level of 44,970.93 points.