After a slight upward trend in the US, with the Nasdaq and Dow inching up by 0.3% and 0.09% respectively, the Asian markets opened lower, except for the KLSE, which is in the green despite a difficult week.
This shift comes amidst investor concerns over potential interest rate hikes by the Federal Reserve, ongoing geopolitical tensions, and mixed economic data from key global economies. While the US markets showed resilience, boosted by strong corporate earnings reports, the Asian markets reacted cautiously.
The KLSE’s unexpected rise is attributed to positive domestic developments and investor optimism following recent policy announcements aimed at stimulating economic growth.
For a better perspective, have a look at how the markets are performing today.
IN ASIA
The Shanghai Composite Index opened at 2,940.30 points, down 5.55 points, or 0.19 percent.
The Shenzhen Component Index opened at 8,814.93 points, down 34.77 points, or 0.39 percent.
The Hang Seng Index opened at 17,583.19 points, down 133.28 points, or 0.75 percent.
The S&P/ASX 200 index opened at 7,806.50 points, up 46.90 points, or 0.60 percent.
The 225-issue Nikkei Stock Average opened at 39,593.01 points, up 251.47 points, or 0.64 percent.
The Straits Times Index opened at 3,338.05 points, down 5.30 points, or 0.16 percent.
The Korea Composite Stock Price Index opened at 2,792.79 points, up 9.03 points, or 0.32 percent.
The KLSE is on the uptrend at 1,588 after opening at 1,583 today.
IN THE UNITED STATES
The S&P 500 Index closed at 5,482.87 points, up 4.97 points, or 0.09 percent.
The Dow Jones Industrial Average closed at 39,164.06 points, up 36.26 points, or 0.09 percent.
The Nasdaq Composite Index closed at 17,858.68 points, up 53.52 points, or 0.30 percent.
IN EUROPE
The DAX Index closed at 18,210.55 points, up 55.31 points, or 0.30 percent.
The FTSE 100 Index closed at 8,179.68 points, down 45.65 points, or 0.55 percent.
The Paris CAC 40 closed at 7,530.72 points, down 78.43 points, or 1.03 percent.
