Economists polled by Reuters had expected the Bank of Korea to cut its policy rate by 25 basis points. Japan’s benchmark Nikkei 225 was trading up 0.54 per cent while the Topix was 0.18 per cent higher.
The Dow Jones Industrial Average rose 703.27 points, or 1.65 per cent, to 43,221.55, the S&P 500 rose 107.00 points, or 1.83 per cent, to 5,949.91 and the Nasdaq Composite rose 466.84 points, or 2.45 per cent, to 19,511.23.8:06 AMStock Market LIVE Updates: Good morning readers!
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.08 per cent to 109.11. The euro was down 0.16 per cent at $1.029 while against the Japanese yen, the dollar weakened 0.91 per cent to 156.52.Sterling strengthened 0.16 per cent to $1.2237. In fixed income, US Treasury yields fell after the inflation data implied that a 2025 rate hike, which some investors had entertained, was off the table for now.
The story "Stock Market LIVE Updates: GIFT Nifty signals gap-up open for India markets; RIL, Infy Q3 nos eyed" has 2100 words across 85 sentences, which will take approximately 9 - 18 minutes for the average person to read.
Which news outlet covered this story?
The story "Stock Market LIVE Updates: GIFT Nifty signals gap-up open for India markets; RIL, Infy Q3 nos eyed" was covered 8 hours ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 299 news stories per day.
It's most recent story was published 2 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
