New Delhi, June 4 (H.S.): Global markets are indicating weakness today amid growing concerns over escalating tensions in West Asia. U.S. markets closed lower in the previous session, although Dow Jones Futures was trading with marginal gains today. European markets also remained under sustained pressure in the last session, while Asian markets are generally exhibiting a weak trend during trading today.

U.S. markets remained under pressure throughout the previous session due to rising geopolitical tensions in West Asia and heavy selling in financial and technology stocks. The Dow Jones Industrial Average closed down by 620.72 points, or 1.21 percent, at 50,687.07. Similarly, the S&P 500 Index ended the session 0.74 percent lower at 7,553.68. The Nasdaq also declined by 239.93 points, or 0.89 percent, to close at 26,853.98. Meanwhile, Dow Jones Futures was trading marginally higher by 0.08 percent at 50,728.46 during today's session.

European markets also witnessed persistent selling pressure in the previous trading session. The FTSE Index closed 0.40 percent lower at 10,332.30. Likewise, the CAC Index ended the session down by 0.72 percent at 8,150.42. The DAX Index fell sharply by 328.23 points, or 1.32 percent, to settle at 24,795.94.

Asian markets are also largely under selling pressure today. Of the nine major Asian markets being tracked, eight indices were trading in negative territory, while only one index remained in the green. The SET Composite Index was the sole gainer, rising 0.57 percent to trade at 1,597.04.

On the other hand, Gift Nifty was down by 0.06 percent at 23,318. Similarly, the Shanghai Composite Index declined by 0.43 percent to 4,066.56. The Jakarta Composite Index registered a sharp fall and was trading at 5,726.72, down by 214.35 points, or 3.61 percent.

Likewise, the Hang Seng Index dropped by 410.21 points, or 1.60 percent, to 25,223. The Nikkei Index fell by 1,042.13 points, or 1.52 percent, to 67,360. Meanwhile, the Straits Times Index was trading 1.30 percent lower at 5,071.61, the Taiwan Weighted Index had declined by 473.42 points, or 1.02 percent, to 45,985.74, and the KOSPI Index was down by 0.57 percent at 8,751.76.

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Hindusthan Samachar / Jun Sarkar