Asian stocks opened mostly higher on Thursday, despite a mixed finish on Wall Street, where a big earnings miss by Netflix prompted a sell-off of the streaming giant's shares. MSCI's index of Asia-Pacific shares outside Japan was flat, merely up by 0.06 per cent.
The domestic equity market was set to open on a positive note on Thursday, tracking positive sentiments in Asian peers. US stocks settled mixed in overnight trade as Netflix weighed on the tech-heavy Nasdaq. Dollar gained some strength, whereas crude oil was in a tight range. Here's breaking down the pre-market actions:
STATE OF THE MARKETS SGX Nifty signals positive startNifty futures on the Singapore Exchange traded 109 points, or 0.64 per cent, higher at 17,255.50, signaling that Dalal Street was headed for a positive start on Thursday.
- Tech View: Nifty50 on Wednesday snapped a five-day losing streak and closed just above its 50-day moving average after flirting with the 200-day moving average at day's high. Analysts said the index needs to take out 17,300 level decisively, before seeing any sustained momentum on the upside.
- India VIX: The fear gauge dropped as much as 6 per cent to 18.67 level on Wednesday over its close at 19.78 on Tuesday.
Asian shares open with gainsAsian stock...