- Check the Asian markets after 8 days of rally
- Fluctuations in the Indian market for about 20 days.
Asian stock markets fell on Tuesday after Wall Street hit record lows on the eighth day. Stock markets in Tokyo, Hong Kong and Seoul fell, while those in Shanghai posted gains.
Wall Street’s benchmark S&P 500 index rose 0.1 percent on Monday. Shares of construction-related companies rose after Congress passed a $ 1 trillion infrastructure bill last week.
Also on Monday, Federal Reserve Vice Chairman Richard Clarida said that conditions for raising interest rates might not be met until the end of next year. Traders worry that rising inflation could lead central banks to withdraw stimulus, which helped boost equity prices.
Tokyo Nikkei Falls
The Nikkei 225 Index fell 0.6 percent to 29,325.30 in Tokyo, while the Shanghai Composite Index rose 0.2 percent to 3,498.80, while the Hang Seng in Hong Kong fell less than 0, 1 percent to 24,750.33.
Seoul’s Kospi Index fell 0.1 percent to 2,956.10, while Sydney’s S & P-ASX 200 Index fell 0.2 percent to 7,444.70.
India’s stock index opened at 60,425.05, down 0.2 percent. The New Zealand, Bangkok and Jakarta stock markets registered an increase, while the Singapore stock market registered a decline. Significantly, on Wall Street, the S&P 500 Index rose to an all-time high of 4,701.70.
Indian Market Trends
On Tuesday, the Indian market got off to a strong start. But during the trading day, the earnings reserve dominated the market and Sensex-Nifty closed at the red mark amid the volatility. At the end of the negotiation, the Sensex closed at 60,433.45, down 112.16 points. For its part, Nifty lost 24.30 points and closed at 18,044.25.