Asia-Pacific markets were trading sharply lower, mirroring moves on Wall Street last Friday as concerns about the rate of growth in AI build-out weighed on investors’ minds. Japan’s Nikkei 225 and South Korea’s Kospi fell 1.15 per cent and 0.12 per cent, respectively.
Last Friday, the Dow Jones Industrial Average and the S&P 500 settled 0.34 per cent and 1.09 per cent lower, respectively. The Nasdaq Composite ended 2.14 per cent down.
Brent crude fell in the Asia session after the US waived sanctions and tariffs on Russian oil, easing supply concerns. The December futures were quoted at 108.10, down 1.5 per cent.
Gold and silver futures were trading 0.26 per cent and 0.35 per cent higher, respectively.
Q2 Results Today
Bajaj Finance, Bhansali Engineering Polymers, Delta Corp, Elevate Campuses, Gallantt Ispat, HFCL, Hindustan Zinc, Indian Renewable Energy Development Agency (IREDA), Jaiprakash Power Ventures, Just Dial, L&T Technology Services, Piramal Finance, SML Mahindra, Sobha, Tatva Chintan Pharma Chem, UltraTech Cement, Union Bank of India, Waaree Renewable Technologies will release their second-quarter (Q2FY27) results on Monday.