Global Markets Signal Weakness; Mixed Trade in Asia

New Delhi: Global markets are showing signs of weakness today, following a downturn in U.S. markets in the previous session. However, Dow Jones Futures are trading with slight gains. European markets also faced selling pressure during the last session. Meanwhile, Asian markets are witnessing mixed trading today.

Uncertainty surrounding interest rate cuts created pressure on U.S. markets during the previous session. The S&P 500 closed down by 1.32% at 5,870.62 points, while the Nasdaq saw a sharp decline of 2.21%, losing 421.46 points to end at 18,686.19. Dow Jones Futures are currently trading at 43,454.93, up by a marginal 0.02%.

Similarly, European markets closed in the red in the previous session due to consistent selling. The FTSE Index fell by 0.09% to 8,063.61 points, the CAC Index dropped 0.58% to 7,269.63, and the DAX Index slipped 0.28% to 19,210.81 points.

In Asia, markets are seeing mixed trends today. Out of nine major Asian indices, five are trading in the red, while four are in the green. The Hang Seng Index is up by 233.45 points (1.20%) at 19,659.79, and the Kospi Index has jumped 1.97% to 2,464.38. The Shanghai Composite Index is up by 1.23%, trading at 3,372.18, and the SET Composite Index has gained 0.59% to reach 1,451.13 points.

On the downside, GIFT Nifty is trading 0.13% lower at 23,413.50. The Straits Times Index has dipped 0.08% to 3,741.82, while the Nikkei Index has dropped 376.15 points (0.97%) to 38,266.76. Additionally, the Taiwan Weighted Index is down 0.66% to 22,591.85, and the Jakarta Composite Index has declined by 0.13% to 7,152.08.

The mixed performance across regions reflects ongoing uncertainty in global markets, with investors closely monitoring economic data and central bank actions.