By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.21% or 38.5 points lower at 8:07 am on Thursday, tracking mixed global cues and indicating a lower opening on Dalal Street.
Further, the dropped 0.2%, while jumped 1.4%.
Major US indices declined on Wednesday as the debt ceiling negotiations continued to yield no definite result, making investors tense as the deadline for raising the country’s $31.4 trillion debt limit approaches the June 1 deadline date.
Further, Fitch Ratings placed the US’ AAA rating on Rating Watch Negative in the overnight session, citing increased uncertainty over the ongoing debt ceiling talks as lawmakers struggle to reach a deal.
lost 0.61%, fell 0.77% and declined 0.73%.
Asian shares moved mixed on Thursday amid the US debt ceiling discussions failing to reach a decision and chances of another rate hike at the Fed’s next monetary policy meeting, while the Bank of Korea held its benchmark interest rate steady at 3.5% for the third consecutive central bank meeting.
At 8:08 am, South Korea’s Kospi dropped 0.35%, Japan’s Nikkei gained 0.44%, Hong Kong’s tumbled 1.75%, China’s declined 0.42% and Australia’s ASX 200 fell 0.8%.
Oil prices dipped slightly on Thursday amid growing pressure from a strong dollar and some profit booking. traded at $78.37/barrel and WTI Futures slipped 0.15% to $74.24 a barrel while writing. Natural Gas Futures rose 0.43%.