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.
The US markets ended lower, on a late day reversal dragged by techs, as investors…
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Asian markets were trading mixed. China’s Shanghai Composite was flat at 2,050.71.