Asian markets traded lower on Thursday as the Japanese yen weakened to a near 38-year low and ahead of economic data in the region.
Japan’s Nikkei 225 fell 0.93% while the Topix declined 0.36%. South Korea’s Kospi dropped 1% and the Kosdaq gained 0.24%. Hong Kong Hang Seng index futures indicated a lower opening.
Gift Nifty was trading around 23,800 level, a discount of nearly 70 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
US stock market indexes closed with modest gains on Wednesday ahead of the release of an inflation report.
The Dow Jones Industrial Average gained 16.10 points, or 0.04%, to 39,128.26, while the S&P 500 rose 8.61 points, or 0.16%, to 5,477.91. The Nasdaq Composite ended 87.50 points, or 0.49%, higher at 17,805.16.
Here's the trade set-up for today.
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