Asia Market Update: Most Trade Higher
Most markets in Asia-Pacific were trading higher on Wednesday after US stocks and dollar index declined as traders shift focus on US sovereign debt.
The CSI 300 and Hang Seng advanced 0.31% and 0.38% higher, respectively. The KOSPI and S&P ASX 200 were trading 0.84% and 0.76% higher, respectively. However, the Nikkei 225 fell 0.21% down.
US Market Update: Share Indices Fall As Attention Shift To US Sovereign Debt
US share indices halted a rally on Tuesday as investors focus on US sovereign debt. President Donald Trump will try to pursue Republican lawmakers to pass a sweeping tax-cut bill, as reported by Reuters.
On Tuesday, the Dow Jones Industrial Average fell 0.27% at 42,677.24. S&P 500 fell 0.39% at 5,940.46. Nasdaq Composite fell 0.38% at 19,142.71.
GIFT Nifty Implies Muted Open; Coal India, Dixon Tech, Torrent Pharma Shares In Focus
The GIFT Nifty was trading flat at 24,804.50 as of 6:57 a.m., which implied that the benchmark Nifty 50 may start the day on a muted note.
Investors will keep an on Dixon Technologies Ltd., Torrent Pharma Ltd., Gujarat State Fertilizers & Chemicals Ltd., and United Spirits share prices as these companies released their fourth quarter earnings.
The benchmark equity indices closed lower for the third consecutive session on Tuesday amid volatility in the domestic stock markets.
The NSE Nifty 50 closed 261.55 points or 1.05% lower at 24,683.9 and the BSE Sensex ended 872.98 points or 1.06% down at 81,186.44.
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