The Nikkei 225 Future is trading at 20,110.00 with 0.00% percent or 0.00 point .The NSE Nifty Future is trading at 10,867.00 with a loss of -0.10% percent or -10.70 point. The Hang Seng Future is trading at 26,538.00 up with +0.09% percent or +23.00 point.
TODAY’S FACTORS AND EVENTS
Japan’s Nikkei dropped on Thursday as gains in the yen prompted investors to take profits following a strong rally.
After rising 4.37 percent in the last three days, the Nikkei share average .N225 ended 1.3 percent lower at 20,163.80.
The Nikkei has rebounded from a low of 18,948.58 hit on Dec. 26, its lowest since April 2017, but its upside remains limited, analysts said.
“The market condition hasn’t changed fundamentally since then and investors are still on edge amid global concerns,” said Hiroyuki Ueno, senior strategist at Sumitomo Mitsui Trust Asset Management.
The dollar was under pressure partly because of growing expectations the U.S. Federal Reserve will pause its rate tightening cycle this year. The greenback JPY= fell 0.2 percent to 107.94 yen during Thursday’s Asian trade.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 23,879.12 up with +0.39% percent or +91.67 point. The S&P 500 is trading at 2,584.96 up with +0.41% percent or +10.55 point. The Nasdaq Composite is trading at +6,957.08 up with +0.87% percent or +60.08 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,163.80 with a loss of -1.29% percent or -263.26 point. Hong Kong’s Hang Seng is trading at 26,467.16 up with +0.018% percent or +4.84 point. China’s Shanghai Composite is trading at 2,535.10 with a loss of -0.36% percent or -9.25 point. India’s BSE Sensex is trading at 36,130.63 with a loss of -0.23% percent or -82.28 point at 12:15 PM.