Market LIVE: SGX Nifty hints at flat to negative start for Indian indices

Market


Investors are rounding out the year by locking in some profits after a 17% jump in global equities. The coronavirus, Federal Reserve policy tightening and China’s outlook are among the key risks for next year. Worries about omicron are easing on growing evidence that the fast-spreading variant appears milder in nature.

29 Dec 2021, 07:57:19 AM IST

SGX Nifty futures trading 49 points (0.28%) higher at 17,266.50 in early deals

29 Dec 2021, 07:54:30 AM IST

Asian stocks slip

Most Asian stocks dipped Wednesday after a technology selloff weighed on U.S. equities and as investors assessed the omicron virus-strain outbreak.

Shares slipped in Japan, technology stocks retreated in Hong Kong and China edged down. U.S. futures fluctuated after the S&P 500 and the Nasdaq 100 weakened Tuesday, snapping four sessions of gains. Volumes remained thin into the end of the year in some markets.

Sentiment in China is being sapped by Beijing’s tightening oversight of overseas share sales and economic risks from a property slowdown. Authorities are expected to add stimulus next year to steady expansion.

Treasury yields fell and a dollar gauge inched higher. Crude oil held around a one-month high partly on bets that the global recovery will ride out omicron. Bitcoin was around $48,000 after a tumble that hinted at diminished ardor for the most speculative assets.

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