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Apprehension in global market regarding debt deal, Asian markets mixed

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New Delhi, 22 May (Hindustan Times). Mixed signals are being received from the global market today. There is an atmosphere of apprehension about the debt crisis in America. However, an important meeting is going to be held today regarding debt dealing. Despite this, Wall Street closed with losses during the last trading session due to fears of a crisis. European markets, on the other hand, managed to close with gains during the previous trading session on signs of easing inflation. On the other hand, today the Asian markets are generally in an upward trend.

A big meeting is going to be held today regarding the debt crisis in America, in which a decision can be taken regarding debt dealing. But before this meeting, there was an atmosphere of apprehension in the US market, due to which all three Wall Street indices closed down in the last trading session. The Dow Jones closed at 33,426.63, down 109.28 points, or 0.33 percent. Similarly, the S&P 500 index ended the previous session’s trading at a level of 4,191.98 points with a weakness of 0.14 percent. Apart from this, the Nasdaq closed at a level of 12,657.90 points with a decline of 0.24 percent.

According to experts, America is facing the biggest crisis of 38 years due to debt dealing, due to which there is confusion in the American market. However, so far there are indications that due to the efforts of the US President, an agreement will be reached regarding debt dealing. But the whole scenario will be clear only after today’s meeting.

Investors in the European market were upbeat during the previous trading session on expectations of a further reduction in inflation, due to which all three major European indices managed to close with gains. The FTSE index closed at a level of 7,756.87 points with a strength of 0.19 percent. Similarly, the CAC index gained 0.60 percent to end the previous session at 7,491.96 points. Apart from this, the DAX index closed at the level of 16,275.38 points with a gain of 112.02 points, ie 0.69 percent.

Mixed trading is seen in the Asian markets today. Apart from India, 6 out of the remaining 9 markets of Asia are seen trading with an increase in the index. While 3 indices including SGX Nifty are trading in red mark with weakness. SGX Nifty is trading at a level of 18,217.50 points with a weakness of 0.11 percent. The Taiwan Weighted Index remained at the level of 16,168.37 points with a slight weakness of 0.04 percent. Apart from this, the Set Composite Index has fallen by 0.83 percent to the level of 1,502.39 points.

On the other hand, the Nikkei index is trading at a level of 30,844.83 points with a strength of 0.12 percent. Similarly, the Straits Times Index has gained 0.10 percent to reach the level of 3,205.69 points. The Hang Seng index has seen a jump of 252.67 points, or 1.30 percent, to reach the level of 19,703.24 points in the business so far. Similarly, the Kospi index gained 0.86 percent to 2,559.73 points, the Jakarta Composite index gained 0.28 percent to 6,719.39 points and the Shanghai Composite index gained 0.11 percent to 3,287.09 points.