Nifty’s Opening On Concerns of Severe Covid Curbs in China & Global Cues
By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.26% or 48 points higher at 8:52 am on Tuesday, indicating a muted-to-higher opening on Dalal Street.
Further, the rose 0.1% and gained 0.2%.
Major indices on Wall Street ended lower on Monday, led by fears that China could resume stringent measures to control the rising Covid-19 cases. According to San Francisco Fed President Mary Daly, the central bank could raise the rate above 5% if inflation does not cool off.
Beijing warned that it was facing the most severe test of the pandemic and it would shut businesses and schools in districts affected more.
tanked 1.09%, declined 0.39% and dropped 0.13%.
Stocks across Asian markets traded mixed on Tuesday as investors remained cautious of rising Covid-19 cases in China and its impact on further supply chain disruptions and restrictions.
At 8:55 am, South Korea’s Kospi slipped 0.21%, Japan’s Nikkei rose 0.74%, Hong Kong’s declined 0.47%, China’s gained 0.39% and Australia’s ASX 200 climbed 0.7%.
Oil prices climbed after Saudi Arabia denied a report that indicated it was considering raising oil supply with OPEC and its allies.
gained 0.5% to $87.89/barrel and WTI Futures rose to $80.3/barrel while writing. Futures declined 0.8%.
By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.26% or 48 points higher at 8:52 am on Tuesday, indicating a muted-to-higher opening on Dalal Street.
Further, the rose 0.1% and gained 0.2%.
Major indices on Wall Street ended lower on Monday, led by fears that China could resume stringent measures to control the rising Covid-19 cases. According to San Francisco Fed President Mary Daly, the central bank could raise the rate above 5% if inflation does not cool off.
Beijing warned that it was facing the most severe test of the pandemic and it would shut businesses and schools in districts affected more.
tanked 1.09%, declined 0.39% and dropped 0.13%.
Stocks across Asian markets traded mixed on Tuesday as investors remained cautious of rising Covid-19 cases in China and its impact on further supply chain disruptions and restrictions.
At 8:55 am, South Korea’s Kospi slipped 0.21%, Japan’s Nikkei rose 0.74%, Hong Kong’s declined 0.47%, China’s gained 0.39% and Australia’s ASX 200 climbed 0.7%.
Oil prices climbed after Saudi Arabia denied a report that indicated it was considering raising oil supply with OPEC and its allies.
gained 0.5% to $87.89/barrel and WTI Futures rose to $80.3/barrel while writing. Futures declined 0.8%.