Asian markets traded mixed amid cautiousness on concerns over the escalating Strait of Hormuz standoff alongside a busy week of global economic data. US stock market ended lower.
Asian markets traded mixed amid cautiousness on concerns over the escalating Strait of Hormuz standoff alongside a busy week of global economic data. US stock market ended lower.
Asian markets are trading with a firmer, risk-on tone this morning as the region stages a strong rebound from Wednesday's sharp losses. The trends on Gift Nifty also signal a cautiously positive start for the frontline indices, Nifty 50 and Sensex today.
Global market cues remain weak. Asian markets traded lower, weighed down by selloff in semiconductor stocks and concerns over escalating tensions in the Middle East.
Gift Nifty was trading around 24,333 level, a discount of nearly 19 points from the Nifty futures’ previous close, indicating a muted start for the Indian stock market indices.
The global market cues remained mixed. While the softer US jobs data boosted sentiment, cautious sentiment prevailed as investors await greater clarity on the outcome of the US-Iran negotiations, with geopolitical developments expected to be the key near-term catalyst.
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