Sunday , November 24 2024

Signs of weakness from global market, decline increased in Asia too

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New Delhi, August 2 (HS). Global markets are showing signs of weakness today. US markets closed with a decline during the last session. Dow Jones futures are also currently trading with weakness. Similarly, there was selling pressure in the European market during the last session. Asian markets are also seen trading with a big decline today.

Due to the weak performance of the manufacturing sector and the fall in job data, there was constant pressure in the US market during the last session, due to which the Wall Street index closed in the red with a decline. Dow Jones closed down by 500 points. Similarly, the S&P 500 index ended the last session's trading at 5,446.68 points with a weakness of 1.37 percent. Apart from this, Nasdaq closed at 17,194.15 points, falling 405.25 points or 2.30 percent. On the other hand, Dow Jones futures are currently seen trading at 40,127.09 points with a decline of 219.89 points or 0.55 percent.

Just like the American market, the European market also witnessed chaos during the last session. The FTSE index closed at 8,283.36 points with a loss of 1.02 percent. Similarly, the CAC index fell by 161.04 points i.e. 2.18 percent to end the last session at 7,370.45 points. Apart from this, the DAX index closed at 18,083.05 points with a huge fall of 425.60 points i.e. 2.35 percent.

There is a situation of tremendous pressure in the Asian markets today. The indexes of all the 9 Asian markets are trading in the red with a big drop. GIFT Nifty is trading at the level of 24,775 points with a weakness of 280 points i.e. 1.12 percent. Similarly, the Straits Times Index has fallen by 1.01 percent to the level of 3,385.45 points. The Nikkei Index has suffered a big drop today. Currently, this index has fallen by 1,777.28 points i.e. 4.66 percent to reach the level of 36,349.05 points. Similarly, the Taiwan Weighted Index has fallen by 821.34 points i.e. 3.63 percent to reach the level of 21,820.76 points.

A big decline was also registered in the KOSPI index today. Currently, this index is trading at 2,685.45 points, down by 3.32 percent. Similarly, the Hang Seng index is trading at 16,943.73 points, down by 361.23 points or 2.09 percent. Apart from this, the SET Composite Index is trading at 1,316.75 points, down by 0.45 percent, the Jakarta Composite Index is trading at 7,321.29 points, down by 0.06 percent, and the Shanghai Composite Index is trading at 2,919.32 points, down by 0.45 percent.