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US Stocks End Lower On Friday, Asian Indices Under Pressure Amid Geopolitical Tensions In West Asia [Video]

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South Korea News

US Stocks End Lower On Friday, Asian Indices Under Pressure Amid Geopolitical Tensions In West Asia

The US stock market ended with a significant fall on Friday. The market sentiments were hit due to an escalation of geopolitical tension, and the big banks disappointed investors. The quarterly earnings of the banking giants reported a slow growth in net interest income for the full year. The crude oil prices rose due to Israel and Iran tension, despite the International Energy Agency (IEA) forecasting a slowdown of oil demand in 2024 in its monthly report. The key US stock market indexes, Dow Jones Industrial Average (DJIA) and S&P 500 closed lower by 1.24% and 1.46% respectively, while Nasdaq ended lower by 1.62% on Friday.

Asian stock market indexes are trading mostly lower on Monday amid Israel and Iran tension and as investors are looking for China’s GDP and other economic data in the region, later this week. Japan’s Nikkei 225 is down 1.40% as investors are looking ahead for trade and inflation data later this week. Australia’s S&P ASX 200 index is trading lower by 0.55%.

South Korea’s Kospi index is down by 1.15%. Shanghai index is trading higher by 0.53% ahead of GDP, Retail Sales, & Industrial Production data due on Tuesday, while Hang Seng is down by 0.98%. The Straits Times index is trading lower, by 0.84% today at 7.10 am IST.

Gift Nifty is trading 14 points higher at 22464 levels today. The indications from the global markets and Gift Nifty are negative today. Indian stock market indexes are likely to open lower today. The domestic markets may rebound from the day’s low, as robust CPI and IIP data were released in the post-market hours on Friday.

Read web story: https://www.cnbctv18.com/market/asian-stocks-fall-in-wake-of-iran-attack-on-israel-19396571.htm

#stockmarketupdates #sensex #nifty #dalalstreetaction #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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Wake up, Canada. The world is a dangerous place.
Wake up, Canada. The world is a dangerous place.
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