Good Morning!
The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,504.
Asian equity markets slid, paring a quarterly gain, after a slump in U.S. stocks triggered a surge in volatility. The dollar held on to losses and bonds fell as central banks worldwide shift toward a more hawkish tone.
Stocks in Japan, Australia and South Korea declined after the S&P 500 Index lost the most in six weeks. Technology stocks remain under pressure, while banks have been supported on the prospect for higher rates.
Still, global equities are poised for an eighth month of gains that pushed stocks to a record high at the beginning of last week.
In commodities, West Texas Intermediate Crude rose 0.2 percent to $44.97 a barrel. Oil is up more than 4 percent this week with prices climbing as government data showed a drop in U.S. gasoline supplies.
Gold added was steady at $1,245.74 an ounce, set for its first monthly decline this year. The yield on 10-year Treasuries rose four basis points to 2.27 percent, after gaining two basis points the previous day and jumping seven basis points in the previous session.