What changed for market overnight: Gift Nifty to global market cues for Sensex today
Also Read: Buy or sell: Vaishali Parekh recommends buying in 3 stocks today - 9 August Japan’s Nikkei 225 fell 0.24%, while the Topix declined 0.3%. South Korea’s Kospi rallied 0.88%, while the Kosdaq gained 1%. In Australia, S&P/ASX 200 was trading flat.
Hong Kong’s Hang Seng index futures were trading around 100 points higher at 19,084. Meanwhile, Gift Nifty was trading at 19,602 as compared to Nifty futures’ previous close of 19,609, indicating a tepid start for the Indian benchmark indices. Also Read: Day trading guide for today: Six buy or sell stocks for Wednesday —August 9 China’s economy is witnessing signs of deflation pressure as consumer and producer prices both declined in July from a year ago The consumer price index dropped 0.3% last month from a year earlier, the National Bureau of Statistics said Wednesday, marking its first decline since February 2021.
Producer prices fell for a 10th consecutive month, contracting 4.4% in July from a year earlier, slightly worse than expected. It’s the first time since November 2020 that both consumer and producer prices registered contractions, Bloomberg reported. US stocks ended lower on Tuesday amid worries about the health of the banking system after Moody’s cut the credit ratings for 10 small and mid-sized lenders.
The Dow Jones Industrial Average dropped 158.64, or 0.4%, at 35,314.49, while the S&P 500 fell 19.06, or 0.4%, at 4,499.38. The Nasdaq composite ended 110.07, or 0.8%, lower at 13,884.32. The banks index shed 1.1%, while the KBW Regional Banking index dipped 1.4%.
Read more on livemint.com
