Asian Markets Trade Lower Following Overnight Losses On Wall Street; Weak Start On D-Street?

Описание: The Asian markets traded on a lower note after the tech stocks in the US fell overnight. Japan’s Nikkei 225 opened down 1.22%, on pace for a third straight day of losses. The broad-based Topix was 0.74% lower. South Korea’s Kospi plunged as much as 5%, but pared losses and was last down 3.86%, while the small-cap Kosdaq saw a larger loss of 5.26%. Hong Kong’s Hang Seng Index futures were at 26,510, below the last close of 26,885.24.


Meanwhile, the GIFT Nifty dropped 99 points or 0.39% to trade at 25,602.


The U.S. benchmarks closed Thursday’s trade on a lower note, falling for the second straight session as the rout in tech and software stocks continued. The Dow Jones Industrial Average shed about 592.58 points, or 1.20%, ending at 48,908.72. The S&P 500 lost 1.23%, closing at 6,798.40 and landing in negative territory for the year. The Nasdaq Composite declined 1.59% and settled at 22,540.59.

Here's the trade set-up for today.

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