The Indian stock market opened on the green mark on Wednesday. The 30-share Sensex fell 469.19 points, or 0.57%, to 82,695.11 in early trade. Meanwhile, the 50-share Nifty fell 130.80 points or 0.51% to 25,555.45.
Japan’s benchmark rose 1.3% to 58,081.62. This came despite China’s move the previous day to restrict exports to 40 Japanese companies and organizations that it says are contributing to Japan’s “remilitarization.” Australia’s S&P/ASX 200 rose 1.1% to 9,122.50. South Korea’s Kospi rose 1.7% to 6,069.36. Hong Kong’s Hang Seng rose 0.3% to 26,668.83, while the Shanghai Composite rose 0.7% to 4,147.68.
Market keeps an eye on Trump’s State of the Union speech
Investors are also closely monitoring President Donald Trump’s State of the Union address, which is being broadcast during the day to Asia. Trump hopes to reassure increasingly cautious Americans that the US economy remains strong and that his policies support the domestic job market and manufacturing sector. On Wall Street, the S&P 500 rose 0.8% on Tuesday, recovering about three-quarters of the previous day’s steep losses. The Dow Jones Industrial Average rose 370 points, or 0.8%, and the Nasdaq Composite gained 1%.
