The Nikkei 225 Future is trading at 22,680.00 with a loss of -0.09% percent or –20.00 point .The NSE Nifty Future is trading at 10,805.00 with a loss of -0.37% percent or -39.85 point. The Hang Seng Future is trading at 30,412.00 with a loss of -1.08% percent or -331.00 point.
TODAY’S FACTORS AND EVENTS
Asian stocks were broadly higher after US President Donald Trump and North Korea’s Kim Jong-Un met in Singapore for a historic summit.
In response to a question about whether they had reached an agreement on de-nuclearisation, Mr Trump said they will be “starting this process very quickly”.
Japan’s benchmark Nikkei 225 closed up 0.33% at 22,878.3 points. In China, Hong Kong’s Hang Seng index was up 0.4% at 31,186.8.
In Australia, the benchmark S&P/ASX 200 index rose 0.15% to 6,054.4, while the South Korea’s benchmark Kospi index was down 0.05% at 2,468.8.
Krystal Tan, Asia economist at Capital Economics, said the gains were limited due to a lack of detail. Indeed, Trump and Kim singed a “comprehensive” document – the contents of which are still unkown.
“Generally (the impact) is very small – probably because there is nothing really concrete coming out,” Tan said.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 25,201.20 with a loss of –0.47% percent or –119.53 point. The S&P 500 is trading at 2,775.63 with a loss of – 0.40% percent or –11.22 point. The Nasdaq Composite is trading at 7,695.70 with a loss of -0.11% percent or –8.09 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,738.61 with a loss of –0.99% percent or –227.77 point. Hong Kong’s Hang Seng is trading at 30,440.17 with a loss of –0.93% percent or –284.98 point. China’s Shanghai Composite is trading at 3,044.16 with a loss of –0.18% percent or –5.64 point. India’s BSE Sensex is trading at 35,615.53 with a loss of –0.35% percent or –123.63 point at 12:15 PM.