look news india
global market: Global signals for the market are looking mixed. Nikkei and GIFT Nifty are showing flat performance in Asia. But US futures are trading with a quarter percent recovery. US markets closed with a decline yesterday due to profit booking. Dow fell by 530 points.
Profit-booking was seen in US markets yesterday. Russell 2K closed down nearly 2% yesterday. Amazon Prime Day sale is going on. Shopping in the US increased by 11%. People spent a record $14.20 billion. TSMC's results were good. Q2 revenue rose 40% to $20.82 billion. Q2 profit rose 36% to NT$247.85 billion. Demand for advanced chips used in AI increased. The company saw an increase in revenue guidance for the third quarter. Nokia's results were poor. The company's profit fell 32% in the second quarter. Profit fell from 619 million euros to 423 million euros. Demand for 5G telecom equipment declined.
Today, mixed trading is being seen in the Asian market. GIFT Nifty is trading with a marginal gain of 2.50 points. At the same time, Nikkei is seen around 39,952.62 with a gain of 0.43 percent. At the same time, Straits Times is seeing a decline of 0.79 percent. Taiwanese markets are trading 1.50 percent down at 23,047.96. While Hang Seng is seen at 17,427.66 with a weakness of 1.97 percent. At the same time, Kospi is trading 1.40 percent down at 2,784.78. At the same time, Shanghai Composite is trading 4.92 points or 0.17 percent down at 2,972.21.
