New Delhi, 23 March (H.S.):
Global markets staggered under pressure today from fresh West Asia tensions and uncertainty over oil tanker traffic through the Strait of Hormuz, fueling broad selloffs from Wall Street to Asia.
US indexes tanked Friday amid fears the conflict could upend the world economy. S&P 500 shed 100.01 points or 1.51% to close at 6,506.48; Nasdaq dropped 443.08 points or 2.01% to 21,647.61. Dow futures slipped 0.17% to 45,504.02 today.
European bourses bled too in their last session. FTSE fell 145.17 points or 1.46% to 9,918.33; CAC tumbled 142.25 points or 1.86% to 7,665.62; DAX plunged 459.37 points or 2.05% to 22,380.19.
Asia markets cratered across the board today, with eight of nine benchmarks deep red – Indonesia closed for holiday so Jakarta Composite held flat.
Gift Nifty lost 430.50 points or 1.86% to 22,706; SET Composite shed 1.87% to 1,406.22.
Kospi tumbled hardest at 337.97 points or 5.85% to 5,443.23. Nikkei fell 2,087.53 points or 3.91% to 51,285; Hang Seng dropped 869.32 points or 3.44% to 24,408; Taiwan Weighted lost 927.45 points or 2.76% to 32,616.43; Shanghai Composite fell 98.87 points or 2.50% to 3,858.18; Straits Times eased 108.88 points or 2.20% to 4,839.99.
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Hindusthan Samachar / Jun Sarkar
