US Stocks End Lower, Asian Indices Under Pressure; Flat Start On D-Street Today? | CNBC TV18

The US stock market indexes trimmed some intraday losses and closed lower on Monday amid rising Treasury yields ahead of the monthly job data later this week. The 10-year US Treasury yield hit day highs at 4.298% and later settled at 4.259%, it was closed lower at 4.2% on Friday. Growth sectors including tech stocks paused their recent rally as Treasury yields climbed.

The major US stock market indexes, the Dow Jones Industrial Average (DJIA) and S&P 500 index declined 0.11% and 0.54% respectively, while the Nasdaq Composite Index was down by 0.84%.

Asian stock markets are trading lower on Tuesday following the negative cues from Wall Street overnight and as investors assessed key regional economic data. South Korea’s inflation rate for November fell to 3.3% below the expectation of 3.7% and down from 3.8% recorded in October.

Japan’s Tokyo inflation came in at 2.6%, down from the 3.3% in October. China, Hong Kong, and several other countries will release their Services PMI data later in the day.

Australia’s S&P ASX 200 index is trading lower by 0.89% as investors awaiting for the Reserve Bank of Australia (RBA) interest rate decision later in the day. Japan’s Nikkei has extended its early losses and trading lower by 1.46%. South Korea’s Kospi is down by 0.35%. Shanghai is also trading lower by 0.57%, while Hang Seng is down by 0.99%. Elsewhere, the Straits Times is trading slightly above the flat line while Taiwan is in the red territory at 7.10 am IST.

Meanwhile, the Gift Nifty was trading around 20,815 level as against Nifty futures’ previous close of 20,804, indicating a flat to mildly positive start for the Indian benchmark indices.

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

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