Asian equity markets were mostly lower on Friday as investors nervously await developments regarding the fate of troubled Chinese real estate giant Evergande. MSCI’s broader index for Asia-Pacific stocks outside of Japan fell 0.16 percent.
Domestic stocks could take a breather on Friday after experiencing a strong rally the day before. US stocks closed higher overnight. The dollar index, which is inversely related to stocks, also held close to a one-week low. But Asian markets were largely lower in early trading, sending mixed signals to domestic investors. Here are the pre-trade measurements:
STATUS OF THE MARKETS
SGX Nifty Indicates a Positive Start
Nifty Futures The Singapore Stock Exchange traded 28 points, or 0.16 percent, higher at 17.857, indicating that Dalal Street was heading for a positive start to the year on Friday.
Tech View: Nifty formed a bullish candle on the daily chart on Thursday. Analysts said that crossing the 18,000 mark in the next few days is a real possibility as long as the index remains above the 17,650 mark.
India VIX: The fear indicator rose on Thursday compared to its closing price of 16.49 on Wednesday by 0.66 percent to 16.60. 4,444 Asian stocks fall in early trading. 4,444 Asian stock markets were mostly lower on Friday as investors nervously await the fate of troubled Chinese real estate giant Evergande. MSCI’s broader index for Asia-Pacific stocks outside of Japan fell 0.16 percent.
Asian equities to fall 4,444 early trading Asian stock markets were mostly lower on Friday as investors nervously awaited the fate of troubled Chinese real estate giant Evergande. MSCI’s broader index for Asia-Pacific stocks outside of Japan fell 0.16 percent.
- Australia’s ASX 200 fell 0.34%
- New Zealand’s DJ lost 0.59%
- Japan’s Nikkei rose 1.82%
- China’s Shanghai Comp lost 0.12%
- The Hong Kong’s Hang Seng lost 0.55%
US stocks rose 4,444 stocks on Wall Street rallied for the second day in a row. The rally boosted major indices just four days after a broad selloff of weekly gains after the S & P500 index posted its biggest drop since May, pushing the Dow down more than 600 points.
- Dow Jones rose 1.48% to 34,764.82
- S & P500 rose 1.21% to 4,448.98
- Nasdaq rose 1.04% to 15,052.24
On recent gains amid contagion concerns of a possible default by the Evergrande Group of China.
The dollar index fell to 93,068, euros, up 0.05% to $ 1.1743. 4,444 pounds rose 0.07% to $ 1.3734 4,444 yen fell to 110,385 per dollar 4,444 yuan trading at 6.4607 against the dollar 4,444 Oil expected to test 3-year high 4,444 Oil prices rose a quarter on Friday, pushing Brent to three-year highs as investors focused on a tighter supply amid a strong appetite for riskier assets like crude oil and high hopes for a recovery from the pandemic. Brent crude rose 40 cents, or 0.5 percent, to $ 77.65 a barrel. US oil rose 27 cents, or 0.4 percent, to 73.57 a barrel.
Rs 1,173 billion in DIIS purchases. Rs 1,173.09 billion in DIIS buyers, the data suggests.
Rupee: The rupee rallied 23 Paise to close at 73.64 against the US dollar on Thursday after positive global signals increased investors’ risk appetite.
10-Year Bond: The Indian 10-year bond rose 0.03 percent to 6,140 after trading in the 6,1236,160 area. 4,444 calling rates: According to RBI data, the weighted average nightly rate was 3.16 percent on Thursday. It was in a range of 1,953.40 percent.
DATES / EVENTS TO SEE
- GB CBI Distributive Trades SEP (3:30 PM)
- IN Year-on-year deposit growth September 10. (5pm)
- IN Foreign exchange reserves 17 / SEP (5pm)
- IN Annual growth of bank loans SEP / 10 (5pm)
- GB Tenreyro speech of BOE (6.30pm)
- Speech of Powell of the president of the Fed of EE. US (7.30pm)
- US Fed Clarida Speech (7:30 PM)
- US Fed Bowman Speech (7:30 PM)
- Sales New Homes in the US AUG (7:30 PM)