By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.67% or 117 points lower at 8:48 am on Wednesday, indicating a negative opening on Dalal Street.
Further, the lowered 0.26% and tanked 1.15%.
Major indices on Wall Street ended lower on Tuesday, ending a two-day rally streak, led by weakness in the medical device company Abbott Laboratories (NYSE:), while the US Treasury yields touched the highest point in over 14 years.
declined 0.85%, fell 0.67% and lowered 0.33%.
Stocks across Asian markets fell sharply on Wednesday amid recession fears and a jump in Treasury yields in the overnight Wall Street session.
At 9 am, South Korea’s Kospi tumbled 1.31%, Japan’s Nikkei tanked 1.11%, Hong Kong’s crashed 2.6%, China’s slipped 0.4% and Australia’s ASX 200 plunged 1.3%.
Read More: Opening Cues: Dow & Nasdaq Futures Tank, SGX Nifty in Red; Asian Markets Crash