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Weak signals from global markets, all-round pressure on Asian markets

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Weak signals from global markets, all-round pressure on Asian markets


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TezzBuzz Staff by TezzBuzz Staff
July 19, 2024
in Business
0
Weak signals from global markets, all-round pressure on Asian markets

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New Delhi. The global market is showing signs of weakness for the second consecutive day today. There was selling pressure in the US market during the last session, due to which all three Wall Street indices closed with a decline. However, Dow Jones futures are currently seen trading with a slight increase. European markets also closed with mixed results after trading under pressure during the last session. There is selling pressure all around in the Asian market today. There was profit booking in the US market during the last session, due to which all three Wall Street indices closed in the red with a decline. Dow Jones closed with a decline of 530 points. Similarly, the S&P 500 index ended the last session's trading at 5,544.59 points with a weakness of 0.78 percent. Apart from this, Nasdaq closed at 17,871.22 points, down 125.70 points or 0.70 percent. However, Dow Jones Futures is currently seen trading at the level of 40,709.31 points with a gain of 0.11 percent.

European markets also continued to trade under pressure during the last session. However, due to last minute buying, 2 out of the 3 major indices of Europe ended the trading in the green with gains. The FTSE index closed at 8,204.89 points with a gain of 0.21 percent. Similarly, the CAC index also ended the last session's trading at 7,586.55 points with a gain of 0.21 percent. On the other hand, the DAX index closed at 18,354.76 points with a decline of 0.45 percent. There is a situation of pressure all around in the Asian markets today. All the 9 markets of Asia are trading in the red mark with a decline today. GIFT Nifty is trading at 24,753.50 points with a weakness of 100 points i.e. 0.40 percent. Similarly, the Nikkei index has also fallen by 161.02 points or 0.40 percent to reach the level of 39,965.33 points. There has been a big fall in the Hang Seng index today. Currently, this index has fallen by 376.55 points or 2.12 percent to 17,401.86 points. Similarly, the Kospi index has fallen by 1.64 percent to reach 2,777.97 points.

Taiwan Weighted Index has also fallen prey to a big decline today. Currently, this index is trading at 23,018.54 points with a weakness of 379.93 points i.e. 1.62 percent. Similarly, the Straits Times Index has fallen by 0.81 percent to 3,443.19 points. Apart from this, the SET Composite Index is trading at 1,320.56 points with a weakness of 0.32 percent, the Jakarta Composite Index has slipped 0.62 percent to 7,275.39 points and the Shanghai Composite Index is trading at 2,974.62 points with a decline of 0.08 percent.

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