By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.44% or 78 points lower at 8:15 am on Wednesday, indicating a negative opening on Dalal Street.
Further, the gained 0.17% and rose 0.32%.
Investors back home will await the minutes of RBI’s (latest) February monetary policy meeting, while the Fed’s (FOMC) February policy meeting minutes will also be tracked globally.
Major indices on the US market plunged in Tuesday’s trade, with Wall Street recording its worst performance in 2023, following an unexpected rebound in business activity in Feb at 50.2 and hitting an eight-month high.
This indicated that the Fed will need to continue raising interest rates for longer.
fell 2.5%, tanked 2.06% and tumbled 2%.
Asian markets declined on Wednesday, following an overnight crash on Wall Street after strong economic data was released, while the US Treasury yields also rose sharply as investors considered higher interest rates.
At 8:07 am, Japan’s Nikkei plunged 1.42%, South Korea’s Kospi tanked 1.55%, China’s dipped 0.21%, Hong Kong’s slipped 0.17%, and Australia’s ASX 200 declined 0.32%.
Oil prices eased on Wednesday as gained 0.3% to $83.12/barrel and WTI Futures rose to $76.4/barrel. Futures corrected 0.67%.