Global Markets Send Mixed Signals; Asian Stocks Trade on a Cautious Note Amid Regional Divergence
New Delhi, 12 October (H.S.): Global markets are presenting a mixed picture on Monday, with Asian equities trading on a divergent note. US markets ended the previous session on a strong footing, while Dow Jones futures were also trading higher. Eur
Representative Image


New Delhi, 12 October (H.S.): Global markets are presenting a mixed picture on Monday, with Asian equities trading on a divergent note. US markets ended the previous session on a strong footing, while Dow Jones futures were also trading higher. European markets, meanwhile, witnessed sustained buying during the previous session, with major indices closing firmly in positive territory.

Wall Street Ends Higher

Continued buying in the US market during the previous session helped Wall Street’s major indices close with solid gains.

The Dow Jones Industrial Average advanced 423.31 points, or 0.83 per cent, to settle at 51,654.95. Similarly, the S&P 500 rose 0.59 per cent to close at 7,811.54. The Nasdaq Composite gained 172.83 points, or 0.64 per cent, to end the session at 27,366.17.

Meanwhile, Dow Jones futures were trading 195.78 points, or 0.38 per cent, higher at 51,850.73.

European Markets Close Firmly in Positive Territory

European equities also maintained a positive momentum during the previous session, with major indices registering significant gains amid sustained buying interest.

The FTSE index surged 110.45 points, or 1.05 per cent, to close at 10,552.05. The CAC index advanced 0.94 per cent to finish the session at 7,803.33. Meanwhile, Germany’s DAX index climbed 280.30 points, or 1.12 per cent, to settle at 25,087.27.

Asian Markets Present a Mixed Picture

Asian markets were trading on a mixed note on Monday, with six of the nine tracked indices in negative territory and the remaining three trading higher.

India’s GIFT Nifty was up 0.18 per cent at 22,643.50. Singapore’s Straits Times Index gained 0.38 per cent to reach 5,422.27, while Hong Kong’s Hang Seng Index edged up 0.03 per cent to 24,218.

On the other hand, Thailand’s SET Composite Index was down 0.42 per cent at 1,571.10, while China’s Shanghai Composite Index slipped 0.12 per cent to 3,809.08.

South Korea’s KOSPI suffered a sharper decline, falling 201.82 points, or 3.05 per cent, to 6,424.11.

Indonesia’s Jakarta Composite Index was also under considerable pressure, declining 0.92 per cent to 6,037.73.

Meanwhile, Taiwan’s Weighted Index edged down 0.03 per cent, while Japan’s Nikkei 225 slipped 0.02 per cent to trade at 69,030.92.

---------------

Hindusthan Samachar / Jun Sarkar


 rajesh pande