Asian Markets Trade Higher Tracking Overnight Gains On Wall Street; Higher Start On D-Street?

Описание: The Asian indices are trading higher today tracking gains overnight on Wall Street. South Korea’s Kospi jumped over 12% on open, staging a sharp rebound from its worst session, and is on course to clock its best day. The small-cap Kosdaq rose more than 11%. Japan’s Nikkei 225 rose 4%, after sliding 3% in the previous session. Hong Kong Hang Seng index futures were at 25,534, higher than the last close of 25,249.48.

Meanwhile, the GIFT Nifty is indicating a higher start for Sensex & Nifty.


The U.S. equity markets closed on a higher note as an increase in crude oil prices is likely to ease out, and fears about economic growth fade. The Dow Jones Industrial Average added 238.14 points, or 0.49%, to close at 48,739.41. The 30-stock index snapped a three-day run of losses. The S&P 500 gained 0.78% and ended at 6,869.50, while the Nasdaq Composite moved 1.29% higher and settled at 22,807.48.

Here's the trade set-up for today.

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