The Nikkei 225 Future is trading at 20,072.00 up with +0.11% percent or +22.00 point .The NSE Nifty Future is trading at 10,854.80 with a loss of -1.12% percent or -123.45 point. The Hang Seng Future is trading at 25,709.00 with +0.69% percent or +175.00 point.
TODAY’S FACTORS AND EVENTS
“Global investors have completely capitulated after there was no Powell put,” said Yasuo Sakuma, chief investment officer at Libra Investments, referring to dashed hopes of more dovish comments from Federal Reserve Chairman Jerome Powell. The market had hoped the Fed would slow, or pause, rate hikes in 2019-20.
“I wouldn’t be surprised if the Nikkei falls below the 20,000-mark. Investors are getting increasingly suspicious about the valuation. No one would wants to buy now until they get some idea of how bad the situation could get,” he said.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 22,859.60 with a loss of -1.99% percent or -464.06 point. The S&P 500 is trading at 2,467.42 with a loss of -1.58% percent or -39.54 point. The Nasdaq Composite is trading at 6,528.41 with a loss of -1.63% percent or -108.42 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,166.19 with a loss of -1.11% percent or -226.39 point. Hong Kong’s Hang Seng is trading at 25,683.81 up with +0.24% percent or +60.28 point. China’s Shanghai Composite is trading at 2,514.58 with a loss of -0.86% percent or -21.69 point. India’s BSE Sensex is trading at 36,074.01 with a loss of -0.98% percent or -357.66 point at 12:15 PM.