Asian Stock Market Fell, The Dollar Showed Strength

Asian stock market fell, the dollar showed strength, know what is the big reason for this Fall.

Asian stock markets fell on Thursday. At the same time, the dollar reached a multi-month high relative to other currencies.

These fluctuations were seen after the details related to the meeting of the US central bank came to light.

According to the details of the meeting, the chances of a reduction in the relief package have increased this year.

Major stocks in China fell 0.21 percent and the stock market in Hong Kong fell 0.45 percent. Japan’s Nikkei lost 0.37 percent.

Carlos Casanova, Senior Economist (Asia) at UBP, said that the market is seeing a decline this week due to weak activity data from China.

Apart from this, due to the situation in Afghanistan and the minutes of the Federal Bank meeting, many economists have had to reduce the estimate.

However, officials said that due to the spread of the delta variant of Covid-19, there may be a temporary delay in the activity related to the full opening of the economy.

This can also have an impact on the job market.

Asian stock market fell: Meanwhile, Indian stock markets remained closed on Thursday due to Muharram.

According to the list of Stock Market Holiday 2021 available on the official website of BSE – bseindia.com, there will be no trading in equity, derivatives, and SLB segments on Thursday.

There will be no business in the commodity segment in the morning session. However, trading in the commodity market will take place as per its schedule in the evening session from 5:00 PM.

In the previous session, the Sensex closed at 55,629.49, down 162.78 points, or 0.29 percent. On Wednesday itself, the Sensex touched a high of 56,118.57 points.

On the Sensex, the share of UltraTech Cement was up 2.46 percent and the share of Bajaj Finance was up by 2.12 percent. At the same time, the share of Bajaj Finserv saw a rise of 1.78 percent.