SGX Nifty, Dow Futures Gain Amid Mixed Asian Trade and Geopolitical Tumult

By Malvika Gurung

Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.14% or 23.5 points higher at 8:30 am on Tuesday, indicating a flat-to-positive opening on Dalal Street. 

Further, the climbed 0.15% and advanced 0.19%.

Major US indices ended lower as the final week of June began, after struggling for the direction the whole day in Monday’s session, while tech heavyweights including Tesla (NASDAQ:), Meta (NASDAQ:) Platforms and Alphabet (NASDAQ:) Inc (NASDAQ:) fell sharply up to 6% during the day.  

Further, the geopolitical tumult in Russia raised uncertainty among investors ahead of the release of key inflation data later this week.

tanked 1.16%, dipped 0.04% and declined 0.45% on Monday.

Asian shares traded mixed on Tuesday following a tech rout on Wall Street in the overnight session as investors awaited updates on the outlook of interest rate hikes going ahead, along with clouds of uncertainty looming around China’s slow economic recovery as well as geopolitical developments post an aborted mutiny in Russia.

At 8:34 am, Japan’s fell 0.77%, South Korea’s dropped 0.3%, Hong Kong’s jumped 1.4%, China’s surged 0.63% and Australia’s rose 0.63%.

Oil prices gained on Tuesday for the second day in a row following unstable political developments in Russia and concerns about global demand.

rose 0.5% to $74.71/barrel and traded at $69.75 a barrel. advanced 0.52%.