Asia Market LIVE Update: TAIEX Rises Over 1% As Tech Stocks Recover
Taiwan’s benchmark index TAIEX was trading over 1% higher early trade Thursday as technology stocks recovered. Taiwan Semiconductor Manufacturing Co rebounded after logging its worst intraday losses in four months.
Markets in China, South Korea, Hong Kong, and Australia were trading higher as technology stocks rose despite overnight losses in Wall Street technology stocks.
US Market Update: Mixed; Jackson Hole Meet In Focus
Futures of US benchmark indices were trading on a mixed note on Thursday morning as market participants keenly await for central bankers’ comments at Jacksone Hole Symposium event. Thursday is the first day of the event.
The Nasdaq 100 and S&P 500 futures were trading 0.12% and 0.03%, higher respectively as of 7:47 a.m. The Dow Jones Industrial Average future was trading flat.
LIVE: GIFT Nifty Hints At Tepid Opening; Godrej Properties, RailTel Corp, Tanla Platform, Insurance Stocks In Focus
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The GIFT Nifty was trading 0.03% or 8 points lower at 25,077.50 as of 6:39 a.m., which implied opening with a slight negative bias.
Traders will keep an eye on Tanla Platforms Ltd. Godrej Properties Ltd., Railtel Corp of India, and Thermax Ltd. for overnight news flow.
The benchmark equity indices closed in the green for the fifth straight session on Wednesday.
The NSE Nifty 50 ended 69.9 points or 0.28% higher at 25,050.55 and the BSE Sensex closed 213.45 points or 0.26% up at 81,857.8. The Nifty recorded the longest winning streak since June 11, while the Sensex posted the best winning streak since April 23.
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