Global Market Update: Positive Trend in Asian Market
New Delhi, 29 May (H.S.): Global markets are sending mixed signals today. The US markets faced a decline in the last session, with the S&P 500 index falling by 0.56% to 5,888.55 points and the NASDAQ slipping by 0.51% to 19,100.94 points. Howeve
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New Delhi, 29 May (H.S.): Global markets are sending mixed signals today. The US markets faced a decline in the last session, with the S&P 500 index falling by 0.56% to 5,888.55 points and the NASDAQ slipping by 0.51% to 19,100.94 points. However, Dow Jones futures are currently up by 563.87 points, or 1.34%, at 42,662.57 points. European markets also saw decreases previously, with the FTSE index down by 0.60% at 8,726.01 points, the CAC index down by 0.50% at 7,788.10 points, and the DAX index falling by 188.30 points (0.78%) to 24,038.19 points.

In contrast, the Asian markets exhibit a positive trend today; out of nine indices, seven are in the green. Notably, the KOSPI Index surged to 2,719.05 points with a gain of 1.83%, the Hang Seng Index rose by 149.40 points (0.64%) to 23,407.71 points, and the Nikkei Index increased by 596.09 points (1.58%) to 38,318.49 points. The GIFT Nifty also climbed 0.28% to 24,808 points.

Meanwhile, the Straits Times Index is down by 0.28% at 3,900.87 points, and the Jakarta Composite Index is inactive today due to a holiday. Overall, positive sentiment in Asian markets comes in light of the US Court of International Trade ruling the Trump-era reciprocal tariff policy as illegal, despite the administration’s appeal citing economic necessity.

Hindusthan Samachar / Jun Sarkar


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