The Nikkei 225 Future is trading at 22,260.00 with a loss of -0.27% percent or -60.00 point .The NSE Nifty Future is trading at 10,748.00 with a loss of -0.09% percent or -9.65 point. The Hang Seng Future is trading at 28,856.00 with a loss of – 0.34% percent or -97.00 point.
TODAY’S FACTORS AND EVENTS
Asian markets finished in the red on Today, with several indexes closing near session lows, as trade skirmishes were among the uncertainties that continued to keep buyers on the sidelines.
Investors largely brushed aside the latest cut to banks’ reserve-requirement ratio by the People’s Bank of China, as the move was anticipated. Some were even expecting a reduction larger than the half-point cut that will become effective next week. Around 80% of the Chinese banking system’s funding will be supported by the cut, Bank of Communications, or Bocom, one of the country’s biggest banks, estimated.
WORLD MARKETS
For the day the Dow is trading at 24,252.80 with a loss of -1.33% percent or -328.09 point. The S&P 500 is trading at 2,717.07 with a loss of -1.37% percent or -37.81 point. The Nasdaq Composite is trading at 7,532.01 with a loss of -2.09% percent or -160.81 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,342.00 up with +0.017% percent or +3.85 point. Hong Kong’s Hang Seng is trading at 28,876.95 with a loss of -0.29% percent or -84.44 point. China’s Shanghai Composite is trading at 2,844.51 with a loss of -0.52% percent or -14.83 point. India’s BSE Sensex is trading at 35,492.88 up with +0.064% percent or +22.53 point at 12:15 PM.