Mixed trading on Asian bourses
In Asia, markets in Tokyo and Seoul ended lower, while Shanghai and Hong Kong settled higher. European stock markets were also staring at a deep sell-off in early deals. The US stocks ended with significant losses in the overnight trade.
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Tokyo: In Asia, markets in Tokyo and Seoul ended lower, while Shanghai and Hong Kong settled higher. European stock markets were also staring at a deep sell-off in early deals. The US stocks ended with significant losses in the overnight trade.
"Asian shares were mostly in negative territory ahead of US inflation data which could foreshadow even more aggressive interest rate hikes from the Federal Reserve. Chinese stocks, however, bounced back in afternoon trading as foreign investors accelerated purchases and speculation mounted that policymakers will take measures aimed at reviving economic growth. European stocks traded lower on Tuesday, with investors cautious ahead of key central bank meetings, with inflation climbing sharply, while the ongoing Ukraine conflict looks likely to intensify," said Deepak Jasani, head (retail research), HDFC Securities.
Market will continue to be choppy in the near-term, pulled up and down by positive and negative news. The near-term headwind continues to be the rising US bond yields which have crossed 2.8 per cent for the 10-year and outflows from equity, observe market analysts.
