Dow Futures Turn Flat, SGX Nifty in Red: Dalal Street’s Opening Cues
By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.33% or 61 points lower at 8:15 am on Tuesday, indicating a lower opening on Dalal Street, after closing at another record high in the previous session.
Further, the and traded flat.
Major indices on Wall Street tumbled on Monday as major Chinese cities protested against the country’s strict zero-Covid policy that stoked concerns about economic growth.
Apple’s stock declined further on worker unrest at the Foxconn plant in China, the world’s biggest iPhone factory, raising worries about production hit on the premium phones amid a fresh resurgence of Covid-19 cases in China.
declined 1.58%, fell 1.54% and dived 1.45%.
Stocks across Asian markets traded mixed on Tuesday as a heavy police presence prevented protests against the stringent Covid policy in China, raising prospects of more economic disruption.
At 8:09 am, South Korea’s Kospi gained 0.32%, Japan’s Nikkei declined 0.53%, Hong Kong’s rallied 3.66%, China’s jumped 1.65% and Australia’s ASX 200 traded muted.
Oil prices surged over a per cent on Tuesday, with climbing over 1% at $84.15/barrel, while WTI Futures traded muted at $77.23/barrel. Futures traded flat.