Business news live: Major Asian stock indices open in red, dip in early trade


9:20 A.M.

Benchmark Indian indices open higher

Indian indices opened higher on Friday. BSE Sensex opened at 52,792.36, up 139.29 points, while Nifty opened at 15,800.60, up 22.15 points.

9:09 A.M.

Major Asian stock indices open in red, dip in early trade

Major Asian stock indices opened in red on Friday and dipped in early trade. Japan’s Nikkei opened at 27,677.89, down 104.53 points, and Topix at 1,922.19, down 5.24 points, while South Korea’s Kospi opened at 3,234.37, down 8.28 points.          

Hong Kong’s Hang Seng, opened at 26,042.84, down 272.48 points. The stock index recovered about 3% in the previous session after it plunged over 8% early this week.

Investors in the Asian equity market would monitor how shares of Chinese firms close a week of volatile trading.

On Thursday, the 30-share BSE index climbed 209.36 points or 0.40% to close at 52,653.07, while the broader NSE Nifty advanced 69.05 points or 0.44% to 15,778.45.

9:00 A.M.

Major U.S. indices close in green driven by strong earnings, forecasts

The three major U.S. indices rose on Thursday and closed in green driven by strong U.S. earnings and forecasts. Meanwhile, data released by the U.S. Bureau of Economic Analysis showed that the country’s gross domestic product (GDP) grew at an annual rate of 6.5% in the second quarter of 2021.

The S&P 500 closed at 4,419.15, up 18.51 points or 0.42%, the Dow Jones Industrial Average rose 153.60 points or 0.44% to close at 35,084.53, and the Nasdaq Composite ended at 14,778.26, up 15.68 or 0.11%.



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