World Stock Markets Today: Negative Start on Hong Kong Worries

13 August 2019 (8:59 am IST)

12 August 2019 (11:29 pm EDT)

US stock markets fell in their first session of the week, creating a negative weekly and daily trend. Although these markets are still within the last week’s trading range, Asian stock markets have also fallen in this session.

World stock markets are now worried about a volatile situation in Hong Kong which started with citizens’ protest but has the potential to escalate into a diplomatic dispute.

All major Asian stock markets are trading at the time of writing. US and European stock futures are positive, indicating a rangebound session in these markets. SGX Nifty is positive and indicating a higher opening for Indian stock markets on local cues.

Expect world stock markets to trade within the last week’s range and remain highly volatile. The intraday trend will remain subdued and cautious. The trend in US stock futures could dominate the global trend in this sesison.

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