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Mint
9 hours ago
- Business
- Mint
Global markets today: Nikkei 225, Kospi trade mixed on S&P 500's four-day losing streak
Global markets today: Asian markets mostly traded higher as investors evaluated the S&P 500's four-day losing streak, driven by declines in technology stocks. Market participants in the region are also awaiting India's HSBC Composite flash purchasing managers' index (PMI) for August, which offers an early read on private sector activity and is expected later in the day. Japan's Nikkei 225 slipped 0.21 per cent in early trading, with the broader Topix falling 0.4 per cent. South Korea's Kospi gained 0.81 per cent, while the Kosdaq climbed 0.62 per cent. Australia's S&P/ASX 200 opened 0.47 per cent higher. Meanwhile, Hong Kong's Hang Seng index is expected to open flat, with futures at 25,168 compared to the previous close of 25,165.94. (This is a developing story) Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
CNBC
11 hours ago
- Business
- CNBC
Asia markets set for muted start as investors assess S&P 500's four-day losing streak
Asia-Pacific markets were poised for a muted start to the day as investors assessed the four-day losing streak for the S&P 500, led by declines in tech stocks. Investors in the region are awaiting India's HSBC Composite flash purchasing managers' index reading for August, which provides an early snapshot of the performance of the private sector economy, expected later in the day. Economists polled by Reuters expect it to come in at 60.5, compared to 61.1 in the month before. Japan's Nikkei 225 was set to open flat, with the futures contract in Chicago at 42,880 while its counterpart in Osaka last traded at 42,820, against the index's Wednesday close of 42,888.55. Australia's S&P/ASX 200 was set to start the day lower, with futures tied to the benchmark at 8,902, compared with the index's last close of 8,918. Hong Kong's Hang Seng index is slated to open flat with futures tied to the index at 25,168, compared with the HSI's last close of 25,165.94. U.S. equity futures were little changed in early Asia hours. Overnight stateside, two of the three key benchmarks ended the session in declines as tech stocks dragged the market lower. The broad market S&P 500 index slipped 0.24% to close at 6,395.78, while the tech-heavy Nasdaq Composite lost 0.67% and settled at 21,172.86. Wednesday marked a fourth day of losses for the S&P 500 and a second negative session for the Nasdaq. Meanwhile, the Dow Jones Industrial Average was the outlier, adding 16.04 points, or 0.04%, and settling at 44,938.31.
