Market Opening Cues: Wall St Rallies, Asian Stocks Trade Mixed & More

  • Investing.com
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Market Opening Cues: Wall St Rallies, Asian Stocks Trade Mixed & More

By Malvika Gurung

Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was trading 0.15% lower at 8:40 am on Wednesday, indicating a negative-to-muted opening.

At the same time, the Dow Jones Futures declined 0.12% and Nasdaq 100 Futures fell 0.28%.

Major indices on Wall Street ended sharply higher on Tuesday, led by a rally in mega-cap growth and technology stocks, which have been beaten up and are either in correction or bear market territory.

The market rose after the U.S. retail sales for April came in strong, led by immense consumer purchases, while the industrial production figure accelerated higher than estimated in the month. 

The tech-heavy Nasdaq Composite jumped 2.76%, S&P 500 surged 2.02% and Dow Jones climbed 1.4%.

Stocks across Asian markets started Wednesday on a mixed note, despite an overnight rally on Wall Street, as investors worried about inflationary pressures after the US Fed Chair Jerome Powell emphasized that the central bank will continue raising interest rates until inflation is brought under control.

At 8:35 am, South Korea’s KOSPI climbed 0.17%, Japan’s Nikkei 225 gained 0.72%, China's Shanghai Composite declined 0.42%, Hong Kong’s Hang Seng index fell 0.7%, and Australia's ASX 200 gained 0.94%.

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  • jalathoti prasadbabu @jalathoti prasadbabu
    may cross 16400
    Like 0
  • jalathoti prasadbabu @jalathoti prasadbabu
    may cross 16400
    Like 0
    • Dinesh Kumar @Dinesh Kumar
      Like 0
    • Vikas Chauhan @Vikas Chauhan
      Do pe buy market is bearish
      Like 0
    • Vikas Chauhan @Vikas Chauhan
      It is just touching the 13 Ema and it will now go down
      Like 0
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