Asian Markets Trade Lower, Wall Street Closes Higher; Positive Start On D-Street Today? | CNBC TV18

Asian markets traded lower on Friday following a choppy session on Wall Street overnight as investors reacted to a slew of economic data amid expectations of further interest rate hikes by the US Federal Reserve.

Japan’s Nikkei 225 dropped 0.9% and the Topix fell 0.8%.

South Korea’s Kospi rose 0.1% while the Kosdaq declined 0.6%. Hong Kong’s Hang Seng index futures were trading lower.

Australia’s S&P/ASX 200 fell 0.2%.

SGX Nifty was trading 41 points, or 0.21%, higher a 19,191, indicating a positive start for the Indian indices.

The US stock market ended largely higher Thursday on robust economic data. Banking stocks rallied after major lenders cleared the Federal Reserve's annual stress test, while losses were seen in tech stocks including Amazon, Meta Platform, Nvidia and Microsoft.

The Dow Jones Industrial Average rose 269.76 points, or 0.8%, to end at 34,122.42, while the S&P 500 gained 19.62 points, or 0.45%, to close at 4,396.48. The Nasdaq Composite settled flat at 13,591.33.

Among stocks, Wells Fargo jumped 4.5%, while JPMorgan Chase and Goldman Sachs each rallied over 3%.

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