The Nikkei 225 Future is trading at 22,148.00 with a loss of -2.22% percent or -502.00 point . The NSE Nifty Future is trading at 10,483.30 with a loss of -0.02%percent or -2.60 point. The Hang Seng Future is trading at 25,344.50 with a loss of -1.34% percent or -345.50 point.
TODAY’S FACTORS AND EVENTS
apan’s Nikkei ended at an eight-week low on Monday as automakers and other manufacturers were hit by news that Washington would seek a provision about currency manipulation in future trade deals, including with Japan. Nikkei share average .N225 ended 1.8 percent lower at 22,271.30, the weakest closing point since Aug. 21.
“The U.S. comment has made the market very tense,” said Mutsumi Kagawa, chief global strategist at Rakuten Securities. “While rising raw materials’ prices are already a worry for companies, a stronger yen is also a big threat to automakers and other exporters, which may have to cut their profit forecasts.”
WORLD MARKETS
For the day the Dow is trading at 25,339.99 up with +1.15% percent or +287.16 point. The S&P 500 is trading at 2,767.13 up with +1.42% percent or +38.76 point. The Nasdaq Composite is trading at 7,496.89 up with +2.29% percent or +167.83 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,271.30 with a loss of -1.87% percent or -423.36 point. Hong Kong’s Hang Seng is trading at 25,463.64 with a loss of -1.31% percent or -337.85 point. China’s Shanghai Composite is trading at 2,568.10 with a loss of -1.49% percent or -38.81 point. India’s BSE Sensex is trading at 34,743.09 up with +0.027% percent or +9.51 point at 12:15 PM.