- Asian markets were trading mixed. China’s Shanghai Composite was flat at 2,050.71.
- Hong Kong’s Hang Seng was down 0.11% or 20.83 points at 19,532.08.
- Japan’s Nikkei was down 0.84% or 75.76 points at 8,908.02.
- Singapore’s Straits Times was up 0.11% or 3.20 points at 3,015.02.
- South Korea’s Seoul Composite was flat at 1,905.49.
- Taiwan’s Taiwan Weighted gained 0.31% or 22.75 points at 7,394.19.
- The US accelerate their losses in the final minutes of trading to close near session lows, with the S&P 500 closing just below the key 1,400 level, a day ahead of the Fed’s Jackson Hole meeting and following reports that Spain may delay its decision on seeking a bailout. The CBOE volatility index jumped to close near 18.
- Dow Jones Industrial Average fell 0.81% or 106.77 points at 13000.71. Nasdaq Composite slipped 1.05% or 32.48 points at 3048.71. Standard & Poor’s 500 shed 0.78% or 11.01 points at 1399.48.
- On economic data front, jobless claims were unchanged last week holding at a seasonally adjusted 374,000. Consumer spending gained 0.4% in July, climbing by the most in five months. Meanwhile, income increased 0.3%.
- In key data to watch out for in US today, factory orders are expected may grow by 2%. Also global market watch out for consumer sentiment data.
- In the currency space, the euro stabilises after slipping to 1.24 ahead of the Jackson Hole meet.
- In commodities, Brent crude prices holding above USD 112 levels supported by supply concerns and geopolitical. Meanwhile, Nymex crude eases further to sub USD 95 levels.
- Indian ADRs ended lower on Thursday. In the IT space, Patni was down 2.95% at USD 18.11, Infosys was down 0.8% at USD 42.41 and Wipro was down 0.62% at USD 7.98.
- In the Telecom space, MTNL was down 9.27% at USD 1.37 and Tata Communication was up 0.61% at USD 8.2. In the Banking space, ICICI Bank was down 1.45% at USD 32.66 and HDFC Bank was down 0.09% at USD 34.08.
- In the other space, Dr Reddys was down 1.35% at USD 29.89, Tata Motors was down 0.52% at USD 20.99 and Sterlite was down 0.14% at USD 7.25.