Markets in the Asia-Pacific region logged losses on Tuesday morning, ignoring overnight gains in US stocks as investors worried about outcome of the presidential election.
The KOSPI and S&P ASX 200 were trading 0.81% and 0.03% lower as of 06:48 a.m.
The US bond market experienced a downturn as traders considered the potential economic impact of the upcoming US presidential election in November.
The GIFT Nifty was trading 29 points or 0.12% lower at 24,242.50 as of 06:51 a.m.
Foreign portfolio investors offloaded stocks worth Rs 426 crore, while domestic institutional investors remained net buyers and mopped up equities worth Rs 3,917.4 crore, according to provisional data from the National Stock Exchange.
Markets in the Asia-Pacific region logged losses on Tuesday morning, ignoring overnight gains in US stocks as investors worried about outcome of the presidential election.
The Japanese yen hit a new 38-year low of 161.73 against the US dollar Monday, feeding into traders' expectation of authority's intervention in the currency market. The Nikkei was 7.47 points or 0.02 lower at 39,623.59.
The KOSPI and S&P ASX 200 were trading 0.81% and 0.03% lower as of 06:48 a.m.
The US bond market experienced a downturn as traders considered the potential economic impact of the upcoming US presidential election in November.
The S&P 500 Index and the Dow Jones Industrial Average rising 0.13% and 0.27%, respectively, as of Monday. The Nasdaq Composite settled 0.83% higher.
Brent crude was trading 0.15% higher at $86.73 a barrel. Gold rose 0.01% to $2,332.21 an ounce.
The GIFT Nifty was trading 29 points or 0.12% lower at 24,242.50 as of 06:51 a.m.
The Indian benchmark indices recouped losses from last session and closed at all-time highs on Monday, tracking gains in shares of HDFC Bank Ltd. and Infosys Ltd.
The NSE Nifty 50 ended at 131.35 points or 0.55% higher at 24,141.95, and the S&P BSE Sensex settled at 443.46 points or 0.56% up at 79,476.19.
Overseas investors remained net sellers of Indian equities on Monday. Foreign portfolio investors offloaded stocks worth Rs 426 crore, while domestic institutional investors remained net buyers and mopped up equities worth Rs 3,917.4 crore, according to provisional data from the National Stock Exchange.
The Indian currency weakened 5 paise to close at 83.44 against the US dollar.
