Asian Markets Extend Decline Following A Slump On Wall Street On Friday; D-St To Open In The Red?
Asian markets extended the sell-off on Monday following a slump in the US stock market last week. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.8%, while Japan’s Nikkei shed another 6.4% to hit seven-month lows.
Gift Nifty was trading around 24,388 level, a discount of nearly 310 points from the Nifty futures’ Friday close, indicating a sharply negative start for the Indian stock market indices.
US stock market ended lower for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory, amid fears of an oncoming recession.
The Dow Jones Industrial Average declined 610.71 points, or 1.51%, to 39,737.26, while the S&P 500 slumped 100.12 points, or 1.84%, to 5,346.56. The Nasdaq Composite ended 417.98 points, or 2.43%, lower at 16,776.16.
Here’s the trade set-up for today.
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7 Comments
Carry trade being unwound?
Dear CNBC-TV18,
I hope this letter finds you well. I wanted to take a moment to express my appreciation for the insightful and informative content that you provide on a daily basis. Your coverage of the global financial markets, business news, and market outlooks is truly invaluable for staying informed and making sound investment decisions.
I have been following your live broadcasts, market updates, and analysis closely, especially in these volatile times where the global markets are experiencing significant fluctuations. Your team of experts does an exceptional job of breaking down complex financial information into easily digestible insights, helping viewers like me understand the implications of these market movements.
I particularly want to commend your recent coverage on the sell-off in the Asian markets, the performance of the US stock market, and the trade set-up for the Indian stock market indices. Your detailed analysis and comprehensive reporting have been instrumental in keeping the viewers informed about the latest developments and trends in the financial world.
I look forward to continuing to rely on CNBC-TV18 for accurate and timely updates on market news, trade-setups, and economic analysis. Your dedication to delivering high-quality business news is truly commendable, and I am grateful for the valuable insights you provide to your audience.
Thank you once again for your excellent coverage and unwavering commitment to providing top-notch financial news. Keep up the fantastic work!
Warm regards,
[S.MITHUN MADESH]
In today's interconnected global economy, the fluctuations in the financial markets have far-reaching implications for investors, businesses, and economies around the world. The recent sell-off in Asian markets, following the slump in the US stock market, has sent shockwaves through the financial world, raising concerns about the possibility of a looming recession.
The MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.8%, indicating a widespread decline in the region. Japan's Nikkei, in particular, shed another 6.4% to hit seven-month lows, reflecting the deepening bearish sentiment among investors. The Gift Nifty trading around the 24,388 level at a discount of nearly 310 points from the Nifty futures' Friday close indicates a sharply negative start for the Indian stock market indices.
In the US, the stock market ended lower for a second straight session on Friday, with the Nasdaq Composite confirming its entry into correction territory. The Dow Jones Industrial Average declined by 610.71 points, or 1.51%, while the S&P 500 slumped by 100.12 points, or 1.84%. The Nasdaq Composite ended 417.98 points, or 2.43%, lower, reflecting the overall bearish sentiment and fears of an oncoming recession.
In this challenging market environment, investors are closely monitoring trade setups and market outlooks to navigate the volatility and make informed decisions. CNBC-TV18, India's leading business news channel, has been providing timely updates, market analysis, and expert insights to help viewers stay informed and prepared for the market movements. The channel's comprehensive coverage of business news, market trends, and economic developments is invaluable for investors looking to understand the implications of global market dynamics.
As the global economy continues to face uncertainties and challenges, the role of trusted news sources like CNBC-TV18 becomes increasingly crucial in providing accurate and reliable information to guide investment decisions. By staying connected with CNBC-TV18's live broadcasts, market updates, and insightful analysis, viewers can gain a deeper understanding of the evolving market scenario and make well-informed choices to navigate the volatile market conditions.
In conclusion, the current market volatility underscores the importance of staying informed and maintaining a strategic approach to investment decisions. With reliable sources of information like CNBC-TV18, investors can equip themselves with the knowledge and insights needed to navigate the uncertainties of the financial markets and make informed decisions that align with their financial goals.
Lol this wouldn't have happen under Trump
Boo Hoo 😢
लोगों को बोल बोल के ऊपर के levels पर खरीदवा दिया जाता है । मार्केट तो पहले ही महंगा था । correction तो वैसे भी हो जाना था । macroeconomic कन्डिशन खराब हो गई है तो बुरा क्रैश होना ही था ।
Correction was highly overdue