Global Caution Persists as US, European Markets Slip; Asian Equities Show Mixed Trend
New Delhi, 29 June (H.S.): Global markets are signalling weakness on Monday amid the constantly evolving situation in West Asia. US markets ended the previous session lower, although Dow Jones futures were trading marginally higher during early tra
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New Delhi, 29 June (H.S.): Global markets are signalling weakness on Monday amid the constantly evolving situation in West Asia. US markets ended the previous session lower, although Dow Jones futures were trading marginally higher during early trading today. European markets also closed under selling pressure in the previous session, while Asian markets were witnessing mixed trading.

Over the weekend, the United States and Iran accused each other of launching fresh attacks and violating the ceasefire. However, reports have since emerged that both countries have once again agreed to halt attacks. The continuing tensions between the two nations kept investors cautious throughout the previous trading session, resulting in Wall Street's major indices ending in negative territory.

The Dow Jones Industrial Average declined 0.09 per cent to close at 51,876.11. The S&P 500 Index slipped 0.05 per cent to end the session at 7,354.02, while the Nasdaq Composite fell 0.24 per cent to settle at 25,297.62. Meanwhile, Dow Jones futures were trading 0.09 per cent higher at 51,923.09 during early trading on Monday.

European markets also ended the previous session in the red. The FTSE Index declined 0.21 per cent to close at 10,508.02. The CAC Index fell 0.56 per cent to settle at 8,384.87, while Germany's DAX Index dropped 323.61 points, or 1.31 per cent, to close at 24,671.22.

Asian markets were trading on a mixed note. Of the nine major Asian markets being tracked, six indices were trading higher while three remained in negative territory.

Japan's Nikkei Index was down 540.88 points, or 0.78 per cent, at 68,820. Indonesia's Jakarta Composite Index declined 0.63 per cent to 5,859.17. South Korea's Kospi Index recorded a sharp fall of 190.89 points, or 2.20 per cent, to trade at 8,220.32.

On the positive side, Gift Nifty was trading 0.03 per cent higher at 24,104, indicating a mildly positive opening for Indian equities. Singapore's Straits Times Index edged up 0.09 per cent to 5,196.58.

Hong Kong's Hang Seng Index emerged as one of the strongest performers, surging 472.14 points, or 2.08 per cent, to 23,144. Thailand's SET Composite Index also posted solid gains, rising 1.45 per cent to 1,564.66.

Taiwan's Weighted Index advanced 494.09 points, or 1.11 per cent, to 45,065.85, while China's Shanghai Composite Index gained 0.17 per cent to trade at 4,034.08.

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Hindusthan Samachar / Jun Sarkar


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