Saturday , November 23 2024

Signs of a big decline in the global market, selling pressure in Asian markets too

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New Delhi, 05 August (HS). Weak signals are coming from the global market today. During the last session, a big decline was recorded in the US market. Dow Jones futures are also seen trading with weakness today. Similarly, the European markets also closed badly. There is pressure all around in the Asian market today. Due to weak quarterly results of IT and tech companies and negative job data, there was an atmosphere of disappointment in the US market during the last session, due to which a big decline was recorded in the Wall Street indices. Dow Jones closed with a weakness of more than 600 points. Similarly, the S&P 500 index ended the last session's trading at the level of 5,346.56 points, falling 100.12 points i.e. 1.84 percent. Apart from this, the Nasdaq closed at the level of 16,776.16 points with a sharp weakness of 417.98 points i.e. 2.43 percent. Dow Jones Futures is also currently seen trading at 39,425.92 level today with a decline of 311.34 points i.e. 0.78 percent.

Just like the American market, the European market also witnessed a stampede during the last session. The FTSE index closed at 8,174.71 points, falling by 108.65 points i.e. 1.33 percent. Similarly, the CAC index ended the last session's trading at 7,521.80 points with a huge fall of 118.65 points i.e. 1.64 percent. Apart from this, the DAX index closed at 17,661.22 points with a huge decline of 421.83 points i.e. 2.39 percent.

There is selling pressure in Asian markets today as well. Out of 9 Asian markets, 8 indexes are trading in the red with a decline, while 1 index is seen trading in the green with a slight increase. The only Shanghai Composite Index in Asian markets is currently trading at 2,907.33 points with a gain of 0.07 percent.

On the other hand, GIFT Nifty is trading at the level of 24,270.50 points with a fall of 444.50 points i.e. 1.80 percent. Similarly, the Straits Times Index has reached the level of 3,275.17 points with a huge fall of 106.28 points i.e. 3.14 percent. On the other hand, the Hang Seng Index has fallen by 0.23 percent to the level of 16,906.74 points.

Nikkei Index, Taiwan Weighted Index and Kospi Index have suffered a huge decline today. Nikkei Index is currently trading at 33,300.92 points, down 2,608.78 points or 7.26 percent. Similarly, Taiwan Weighted Index has fallen 1,548.87 points or 7.16 percent to reach 20,089.22 points. Similarly, Kospi Index is seen trading at 2,498.03 points with a huge decline of 178.16 points or 6.66 percent. Apart from this, SET Composite Index is seen trading at 1,291.5 points with a weakness of 1.67 percent and Jakarta Composite Index is seen trading at 7,178.10 points, down 130.02 points or 1.78 percent.