Sector Dwell: SGX Nifty tumbles 210 points amid feeble global cues
1 min read

World cues

US shares experienced fallen overnight as buyers sold off large-flying technologies shares to emphasis on other sectors probably to profit from an financial recovery. The Dow Jones fell .39 for each cent, the S&P 500 misplaced 1.3 for each cent, and The Nasdaq dropped 2.7 per cent.

In the meantime, the US yield curve steepened right away. The hole in between yields on two- and 10-12 months Treasury notes widened to as considerably as 135.4 foundation details on Wednesday, the most given that February 26, when the curve experienced steepened by the most considering that 2015. In early Thursday trade, the 10-calendar year Treasury produce crept increased to 1.48 for every cent, however off the a single-12 months high of 1.61 per cent struck very last week.

The creep up in benchmark yields weighed on Asian stocks. By early Thursday, Australian shares experienced shed 1 for every cent, though Japan’s Nikkei dipped 1.5 per cent.

(with inputs from Reuters)

Capture ALL THE Dwell UPDATES