US Markets:
Dow Nasdaq
S.&P. 500
Asia at 9 AM
Japan Nikkei 7,693.03 +0.57% +43.95
Hong Kong Hang Seng 12,084.06 –4.23% –534.32
China Shanghai 1,773.13–3.61%–66.49
SGXNifty 2515 -12pts
Crude Oil $63.80–0.55%–$0.35
Gold $736.40+0.84%+$6.10
News Today:
* Asian Markets open on a weak note, Hang seng slips below 12000.
* Philippines markets halt trading as index slips -10%
* Bank of Korea orders largest reduction in its history, 0.75% to 4.25%
* Oil slips further to $63, OPEC hints it may cut production again if oil prices keeps falling.
* Japanese Yen is appreciating against Dollar at a fast pace, would lead to big unwind in carry trade. Also will put pressure on the Japanese Exporters.
* Governments may Intervene to stabilize markets in coming days, Joint effort along with IMF can be expected.
* FED is expected to slash rates in the policy review meet later this week.
***** WISHING ALL READERS A HAPPY DIWALI *******
Dow Nasdaq
S.&P. 500
Asia at 9 AM
Japan Nikkei 7,693.03 +0.57% +43.95
Hong Kong Hang Seng 12,084.06 –4.23% –534.32
China Shanghai 1,773.13–3.61%–66.49
SGXNifty 2515 -12pts
Crude Oil $63.80–0.55%–$0.35
Gold $736.40+0.84%+$6.10
News Today:
* Asian Markets open on a weak note, Hang seng slips below 12000.
* Philippines markets halt trading as index slips -10%
* Bank of Korea orders largest reduction in its history, 0.75% to 4.25%
* Oil slips further to $63, OPEC hints it may cut production again if oil prices keeps falling.
* Japanese Yen is appreciating against Dollar at a fast pace, would lead to big unwind in carry trade. Also will put pressure on the Japanese Exporters.
* Governments may Intervene to stabilize markets in coming days, Joint effort along with IMF can be expected.
* FED is expected to slash rates in the policy review meet later this week.
***** WISHING ALL READERS A HAPPY DIWALI *******
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