A seasonal lack of liquidity made for a bumpy start and S&P 500 futures led the way with a 0.7% drop, while Nasdaq futures shed 0.6%.
Asian markets stood still on Wednesday as the world waited to hear from US Federal Reserve on when it would stop buying assets and start raising interest rates
Competing for the limelight, U.S. Treasury yields climbed steadily after U.S. Fed chair Jerome Powell signalled the Fed may speed up the pace of its bond-buying taper at its meeting later this month
The dollar hovered below a 16-month peak in early Asian trade
Nifty has outperformed MSCI APAC index for 21 of the 26 weeks since May
Investors turn jittery over high valuations, inflation
IPO proceeds up 73% from a year ago; number of offerings grow 42.3% YoY
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.25% in early trade, regaining ground lost in recent days to be little changed on the week.
Global shares slipped in cautious trading Wednesday, shrugging off a rally on Wall Street led by technology companies and banks that erased most of the losses from the previous day's sell-off. France's CAC 40 dipped 1.9% in early trading to 6,450.56, while Germany's DAX dropped 2.1% to 14,869.63. Britain's FTSE 100 was down 1.6% at 6,964.13. The future for the Dow industrials fell 0.9% to 33,860.00. S&P 500 futures was 1.2% lower at 4,280.00. Japan's benchmark Nikkei 225 sank 1.1% to finish at 27,528.87 for its eighth straight session of losses. South Korea's Kospi dipped 1.8% to 2,908.31. Australia's S&P/ASX 200 shed 0.6% to 7,206.50. Hong Kong's Hang Seng edged down 0.6% to 23,966.49. Trading was closed in Shanghai for the Chinese national holidays. Worries remain in Asia about ongoing coronavirus infections, although hopes are growing that economic activity will return closer to normal later this year, bouncing back from the deep downturn in 2020. On the risks front, China .
Stock market LIVE: All sectoral indices ended in the red with capital goods, IT, metal, pharma, auto, realty and PSU Bank indices falling in the 1-3 per cent range
HONG KONG (Reuters) - Asian shares dropped on Wednesday and U.S. benchmark yields rose to a three-and-a-half month top as investors stayed jittery about inflation with oil prices reaching new multi-year highs.
Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green
The Sensex ended the session at 59,299, a gain of 533 points or 0.9 per cent
Stock market LIVE: Sectorally, all the indices were in the green, led by the Nifty Realty index (up 3.5 per cent)
Stock market LIVE: Broader markets end mixed; BSE Midcap falls 0.11 per cent and Smallcap index rises 0.48 per cent
Stock Market LIVE: The HDFC twins and Bajaj Finance are the major contributors for the Sensex 30, while Reliance Industries, ICICI Bank, Asian Paints and Infosys are the key draggers
Stock Market LIVE: The broader indices, too, turned positive and gained up to 0.8 per cent
Negative global market cues and profit taking pushed both Sensex and Nifty lower for the first time in four days
MSCI's broadest index of Asia-Pacific shares outside Japan was just slightly higher by mid-afternoon after trading in the red following a mixed session on Wall Street.