Asia-Pacific markets slumped in early trade on Thursday morning, tracking similar overnight moves in Wall Street indices after data showed inflation rose faster than expected in the US. South Korea’s Kospi tumbled over 7 per cent, leading losses in the region. Japan’s Nikkei 225 fell nearly 5 per cent.
Overnight, the Dow Jones Industrial Average and the S&P 500 settled 0.09 per cent and 1.11 per cent lower, respectively. The Nasdaq Composite ended 1.9 per cent down.
The December futures were quoted at $104.21 per barrel on the Intercontinental Exchange, down 1.73 per cent.
Gold and silver futures rose 1.24 per cent and 0.47 per cent, respectively.
Q2 Results Today
Angel One, HDFC Asset Management Company, HDFC Life Insurance Company, Nestle India, and Tech Mahindra will release their results on Wednesday.
IPO Today
Fusion CX and Ravita Engineering Services’ IPO will enter the second day of subscription.
Vaibhav Vyapaar IPO will enter the final day of bidding on Thursday.