Global Markets: Geopolitical tension drags markets down
Rohan Takalkar / 14 Apr 2017
Rising geopolitical tensions after U.S bombing Afghanistan dragged down markets across the globe.
Rising geopolitical tensions after U.S bombing Afghanistan dragged down markets across the globe. In Asia markets turned red almost across the board as SGX Nifty, Nikkei 225 and Hangseng index declined 0.39 per cent to 0.47 per cent. While Kospi and Topix fell as much 0.55 per cent, the most amongst Asian indices.
US markets also closed in red on Thursday with S&P500, Dow Jones and NASDAQ falling 0.55 to 0.68 per cent for the day. While European markets closed negative, reacting to the news, as Euro Stoxx, CAC 40, FTSE all pared loses ranging from 0.38 per cent to 0.59 per cent, with France’s CAC index losing the most.
Indian markets remain closed on Friday, and are expected to open negative on Monday in line with global market conditions.
On the global front tensions are expected to elevate further as North Korea may conduct a nuclear test or missile launch.
However, Commodities remained strong, posting weekly gains.
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