look news india
Weak signals are being seen from the global market on the day of expiry of May series. Nikkei fell by 2.5 percent in Asia. GIFT NIFTY also saw a decline of 90 points. Yesterday the US markets closed with a decline. Dow fell by more than 400 points. Uncertainty over rate cut increased the pressure.
Yesterday, the US markets closed with a decline. The Dow Jones closed down by more than 400 points. Rising treasury yields put pressure on the market. The fall in rates in the US led to uncertainty in the market. The 10-year yield in the US reached a one-month peak.
Pressure continues to persist in crude
Crude prices fell by 1% yesterday. This decline came after crossing $84 yesterday. Brent was trading below $84 today. Low rates in the US increased uncertainty in the market. The market fears that rates will remain at high levels.
Asian Marketplace
Today, weakness is being seen in the Asian market. GIFT Nifty is trading with a decline of 70.00 points. At the same time, Nikkei is seen around 37,974.47 with a weakness of 1.53 percent. At the same time, a decline of 0.22 percent is being seen in Straits Times. Taiwan markets are trading 0.89 percent down at 21,469.77. While Hang Seng is seen at the level of 18,299.32 with a decline of 0.97 percent. At the same time, Kospi is trading 1.11 percent down at 2,647.67. At the same time, Shanghai Composite is trading 5.57 points or 0.18 percent down at 3,105.45.
