06/05/2022
Asian markets are trading cautiously lower today following sharp declines in the US markets as realistic view of Inflation was reflected in Bond yields jumping beyond 3%, Dollar index at 20 years high. Investors are expecting more harsher measures by Fed to control inflation in light of ongoing Ukrainian war & economic destruction of China due to Covid lockdowns
Nikkei is trading 66 points lower
HangSeng is trading 550 points lower
Dow Futures is trading 80 points lower after 1063 points declines yesterday
SGX Nifty is trading 243 points lower
A gap down of Indian markets which may not recover during the day