Asian Markets Trade Lower Mirroring Similar Cues From Wall Street Overnight; Weak Start On D-Street?
Asian shares traded lower today with most major indices in the red. Japan’s Nikkei 225 slipped 0.33% and the Topix was down 0.35%. In South Korea, the Kospi edged 0.11% lower, while the Kosdaq fell 0.39%. Australia’s S&P/ASX 200 also declined, dropping 0.61% in early trade.
Meanwhile, Gift Nifty was trading around 25,190 level, a discount of nearly 65 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
U.S. stocks slipped on Tuesday, with all three major indexes closing lower. The broad market index fell 0.55% to 6,656.92. The Nasdaq Composite dropped almost 1% to 22,573.47, while the Dow Jones Industrial Average declined 88.76 points, or 0.19%, ending the day at 46,292.78.
Here’s the trade set-up for today.
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