The Nikkei 225 Future is trading at 29,358.00 up with +1.97% percent or +568.00 point.The Nifty Future is trading at 15,120.00 up with +1.16% percent or +173.25 point. The Hang Seng Future is trading at 29,276.00 with a loss of -0.23% percent or -68.00 point.
TODAY’S FACTORS AND EVENTS
Asian markets looked set for a modestly firmer start on Tuesday as global markets faced another chaotic week, with retail investors expanding their duel with Wall Street into commodities and driving up the price of silver.
In early Asian trade, Australia’s S&P/ASX 200 benchmark .AXJO was up 0.81% and South Korea’s KOSPI .KS11 up 0.79%, adding to a rally in the previous session. Japan’s Nikkei JNIc1 futures rose 0.6% and Hong Kong’s Hang Seng index futures HSIc1 eased 0.1%.
E-mini futures for the S&P 500 EScv1 inched 0.07% higher in early trading.
Institutional investors are still digesting the retail trading frenzy that has boosted GameStop Corp (NYSE: GME ) and other so called meme stocks in recent sessions against their financial fundamentals.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 31,148.24 up with +percent or +92.38 point. The S&P 500 is trading at 3,886.83up with + percent or +15.09 point. The Nasdaq Composite is trading at 13,856.30 up with + percent or +78.55 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 29,369.44 up with +percent or +590.25 point. Hong Kong’s Hang Seng is trading at 29,380.23 with + percent or +91.55 point. China’s Shanghai Composite is trading at 3,531.39 with + percent or +35.06 point. India’s BSE Sensex is trading at 51,364.08 up with +percent or +632.45 point at 12:15 PM.