Nikkei Futures Opening Update as on 08 August 2018

The Nikkei 225 Future is trading at 22,610.00  with a loss of -0.09%  percent or -20.00  point .The NSE Nifty Future is trading at 11,472.80 up with +0.48% percent or +54.40 point.  The Hang Seng Future is trading at 28,247.00 up with +0.15% percent or +31.00 point.

TODAY’S FACTORS AND EVENTS

Asian stock markets largely started off with gains for the second day in a row early Wednesday, although Chinese indexes stumbled after Tuesday’s rally.

A day after near-3% bounces from multiyear lows, Chinese benchmarks were down slightly as the Trump administration confirmed it would impose 25% tariffs on $16 billion in Chinese imports later this month. The Shanghai CompositeSHCOMP, -1.27% was down 0.5% and the Shenzhen Composite 399106, -1.90% slipped 0.4%.

Hong Kong stocks eked out gains as a pair of notable IPOs launched. The Hang Seng Index HSI, +0.39% was up 0.1%, with tech and energy stocks leading the gains. Tencent 0700, +1.96% was up 1.5% while PetroChina 0857, +3.23% gained 2.6%. Meanwhile, China Tower was sticking around its IPO price in initial trading while Nasdaq-listed biotech BeiGene was off 3.2% as its secondary offering started trading.

PREVIOUS DAY ACTIVITY

  
 For the day Nikkei 225 is trading at 22,644.31  with a loss of -0.081% percent or -18.43 point.the nifty closed at 11,442.60 up with +0.47% percent or +53.15 point. Hong Kong’s Hang Seng is trading at 28,359.14 up with +0.39% percent or +110.26 point.

WORLD MARKETS

For the day the Dow is trading at 25,628.91 up with +0.50% percent or +126.73 point. The S&P 500 is trading at 2,858.45 up with +0.28% percent or +8.05 point. The Nasdaq Composite is trading at 7,883.66 up with +0.31% percent or +23.99 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,644.31  with a loss of -0.081% percent or -18.43 point. Hong Kong’s Hang Seng is trading at 28,352.65 up with +0.37% percent or  +103.77 point. China’s Shanghai Composite is trading at 2,744.07 with a loss of -1.27% percent or -35.30  point. India’s BSE Sensex is trading at 37,877.02 up with +0.56% percent or +211.22 point at 12:15 PM.

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