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By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , was trading 0.14% higher at 8:50 am on Tuesday, indicating Dalal Street to have a flat opening. At the same time, the dropped 0.12%.
Major indices on Wall Street ended lower on Monday, snapping a four-day winning streak and the indices posting their best weekly gains since Nov 2020, as the US Fed Chair Jerome Powell indicated an aggressive monetary tightening than expected.
Besides, no significant peace development came from the ongoing Russia-Ukraine ceasefire talks, while oil prices continued to rise as the EU considered joining the US in banning Russian oil, instilling supply concerns.
The tech-heavy slid 0.4%, dropped 0.04%, while ended 0.6% lower on Monday.
Stocks across the Asian markets traded on a mixed note on Tuesday, following the US market overnight and the rising oil prices. Also, shares of China Eastern Airlines in Hong Kong declined due to the plane crash on Monday.
At 8:50 am, South Korea’s gained 0.8%, Japan’s Nikkei surged 1.55%, while MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.25%.
Hong Kong’s gained 1.1%, and China’s rose 0.15%.
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