Gift Nifty, weak Asian markets to fall in Apple share price - key triggers for the Indian stock market today
unemployment rate was at a historically low level of 3.5%, below June’s 3.6% figure. MSCI’s broadest index of Asia-Pacific shares outside Japan traded little lower. The index lost 2.3% last week.
Japan’s Nikkei 225 declined 1%, while the Topix fell 0.52%. South Korea’s Kospi dropped 0.16% and the Kosdaq fell 0.78%. Hong Kong’s Hang Seng index futures were trading around 70 points lower at 19,470.
Australia’s S&P/ASX 200 declined 0.25%. Meanwhile, the Gift Nifty was trading 0.10% higher at 19,608.50, indicating a mildly positive start for the Indian benchmark indices. On Friday, US stocks dropped following mixed reports on the job market.
The Dow Jones Industrial Average fell 150.27 points, or 0.43%, to 35,065.62, while the S&P 500 dropped 23.86 points, or 0.53%, to 4,478.03. The Nasdaq Composite ended 45.18 points, or 0.32%, lower at 13,914.54. Among stocks, Apple’s shares fell 4.8% after disappointing earnings, witnessing its biggest daily percentage decline since September 29, 2022, while Amazon shares rose 8.3% on upbeat third-quarter outlook.
Icahn Enterprises plunged 23.3%, while Fortinet tumbled 25.1%. Tupperware shares rallied 35.5%, while Amgen gained 5.5 and DraftKings’ shares rose 5.8%. Also Read: Wall Street week ahead: Focus on July inflation data European shares ended higher on Friday.
Britain’s FTSE 100 gained 0.47% to 7,564.37, while Germany’s Frankfurt DAX rose 0.37% to 15,951.86. France’s CAC 40 rallied 0.75% to 7,315.07. Crude oil prices rose amid tightening supplies.
Brent crude futures rose 0.32% to $86.52 per barrel, while US West Texas Intermediate crude futures gained 0.34% to $83.10. Gold prices rose after a dip in the US dollar. Spot gold gained 0.04% at $1,943.61 per ounce, while US gold futures
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