Indian indices may open lower tracking global markets. Asian stocks dropped Friday tracking US markets after a raft of Federal Reserve officials signaled they will combat inflation aggressively and the Nasdaq 100 fell to its lowest level since October.
Asian stocks drop
Asian stocks dropped Friday after a raft of Federal Reserve officials signaled they will combat inflation aggressively and the Nasdaq 100 fell to its lowest level since October. The benchmark Nikkei 225 index dropped 1.48%; Topix slid 1.4% and Kospi declined 0.7%
US stocks slip overnight
Nervous global stock markets fell on Thursday after the highest US inflation reading in nearly 40 years kept concerns about price pressures and monetary policy risks alive.
The S&P 500 lost 0.64%, the Nasdaq Composite dropped 1.45%, and the Dow Jones Industrial Average was little changed.
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