New Delhi, August 26 (HS): Global equity markets showed signs of weakness on Tuesday, with Wall Street ending in the red in the previous session, European indices closing mixed, and most Asian markets opening under selling pressure.
On Wall Street, profit booking dragged down major benchmarks. The Dow Jones Industrial Average slipped nearly 350 points from the day’s high, while the S&P 500 fell 0.43 percent to close at 6,439.32. The tech-heavy Nasdaq ended 0.22 percent lower at 21,449.29. Futures also reflected the bearish tone, with Dow Jones Futures down 0.10 percent at 45,237.18.
European markets traded under pressure for most of the session before selective buying helped soften losses. The FTSE index gained 0.13 percent to close at 9,321.40, while France’s CAC tumbled 1.61 percent to 7,843.04. Germany’s DAX, too, slipped 0.37 percent to settle at 24,273.12.
Asian equities mirrored the global downtrend. Of the nine regional markets, eight were trading in negative territory, with only the Shanghai Composite showing resilience, up 0.11 percent at 3,888.
Elsewhere, India’s GIFT Nifty traded 195 points lower, or 0.78 percent, at 24,798, signaling a weak start. Other major Asian indices were all in the red: Japan’s Nikkei dropped 363.82 points, or 0.85 percent, to 42,444; South Korea’s Kospi lost 0.91 percent at 3,180.62; Hong Kong’s Hang Seng slipped 0.26 percent to 25,763; Taiwan Weighted was down 0.23 percent at 24,221.52; the Straits Times fell 0.35 percent at 4,241.52; Thailand’s SET shed 0.08 percent to 1,261.66; and Jakarta Composite edged down 0.04 percent to 7,923.57.
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Hindusthan Samachar / Jun Sarkar
