Most markets in Asia-Pacific region were trading lower, tracking overnight losses in U.S. stocks, and as investors await for the Bank of Japan’s policy outcomes.
The Nikkei 225 was trading 48.15 points or 0.13% lower at 37,580.33, and the S&P ASX 200 was trading 93.70 points or 1.22% down at 7,589.30. The KOSPI index was trading 24.42 points or 0.93% higher at 2,653.04 as of 06:35 a.m.
Wall Street was rattled by data that showed exactly what stock traders did not want to hear: a significant slowdown in the world’s largest economy and persistent inflation pressures, Bloomberg said.
The S&P 500 Index and Nasdaq Composite fell by 0.46% and 0.64%, respectively, as of Thursday. The Dow Jones Industrial Average fell by 0.98%.
Brent crude was trading 0.36% higher at $89.32 a barrel. Gold fell 0.14% to $2,329.14 an ounce.
The GIFT Nifty was 30.00 points or 0.13% lower at 22,643.00 as of 6:36 a.m.
India’s benchmark stock indices gained for the fifth straight day on Thursday, with the Nifty 50 closing above 22,500, led by nearly 4% gains in PSU banks.
The Nifty ended 0.75%, or 167.95 points, higher at 22,570.35, while the Sensex gained 0.66%, or 486.50 points, to close at 74,339.44.
Overseas investors stayed net sellers on Thursday for the fourth consecutive day. Foreign portfolio investors sold stocks worth Rs 2,823.33 crore and domestic institutional investors stayed net buyers for the fourth day and mopped up equities worth Rs 6,167.56 crore, according to provisional data from the National Stock Exchange.
The Indian currency closed flat at 83.33 against the U.S. dollar.
