Stocks in Asia were mixed on Tuesday as investors prepared to scour a busy week of bank earnings reports ahead. Shares in Australia and Hong Kong stock futures fell while contracts for Japanese equities rose.
At 6:09 a.m., the Singapore-traded SGX Nifty, an early indicator of India’s benchmark Nifty 50, was up 0.08% to 17,959.
U.S. stock markets were closed Monday on account of Martin Luther King Jr. Day while contracts for the S&P 500 fell and European stocks rose. Futures on the S&P 500 fell 0.2%, while Nasdaq 100 was down 0.4%. Meanwhile, the yield on 10-year Treasuries stayed stagnant around 3.5%.
Crude price fell 1%, while gold declined 0.2%. Bitcoin rose to trade around the $21,100-level.
Indian benchmark indices closed lower after a volatile session as traders waited for the big earnings scheduled later this week.
Rupee snapped its six-day rally against the U.S. dollar as the greenback recovered overseas and domestic indices faltered.
Overseas investors remained net sellers of Indian equities for the 17th day in a row on Monday. Foreign portfolio investors offloaded Indian stocks worth Rs 750.59 crore, while the domestic institutional investors mopped up stocks worth Rs 685.96 crore.
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