Last Updated: July 25, 2022, 09:24 AM IST
Stocks to watch in Friday’s trade
Markets opened choppy amid unsupportive global cues on Monday morning.
Stock Market Today: Markets opened choppy amid unsupportive global cues on Monday morning.
Global Cues
US stocks ended lower on Friday as disappointing earnings from Snap spooked investors and shares in social media and ad tech firms dropped, offsetting gains from card issuer American Express following an upbeat forecast.
Tokyo stocks opened lower Monday tracking losses on Wall Street, with investors disheartened by a key monthly survey on economic activity that fuelled concern over a global slowdown. The benchmark Nikkei 225 index slipped 0.62 per cent, or 173.32 points, to 27,741.34 in early trade, while the broader Topix index fell 0.42 per cent, or 8.29 points, to 1,947.68.
Asian stocks lost ground on Monday, retreating from over three-week highs as worries about a global economic downturn sapped investors’ risk appetite. MSCI’s broadest index of Asia-Pacific shares lost 0.62 per cent to 158.68, after touching the highest since June 29 at 160.03 on Friday.
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