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Asian markets slide following U.S. peers lower, driven by the increasing tensions in the Middle East.Australian, South Korean and Japanese markets fell at the open while futures contracts in Hong Kong pointed to early losses. Oil steadied after extending its rally in the previous session.Contracts for U.S. equities were little changed in early Asia trading after the S&P 500 slumped 1.3% on Wednesday. Netflix rallied post-market after strong earnings while the Golden Dragon index - a gauge of Chinese companies listed in the U.S. slid 2.2%.Meanwhile, the yield on the 10-year U.S. bond was trading at 4.93% and Bitcoin was above 28,000-level. Brent crude was trading above $91 a barrel, whereas WTI Crude was above $88-mark.At 5:55 a.m., the GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India was down 54 points of 0.27% at 19,735.5.India's benchmark stock indices fell the most in two weeks on Wednesday, led by losses in HDFC Bank Ltd., ICICI Bank Ltd., and Reliance Industries Ltd.Nifty ended below the 19,700 level, while Sensex closed under 65,900—the lowest levels since Oct. 9. On a single day basis, the indices dropped the most since Sept. 28. Banks and non-banking financial companies fell, whereas the pharma and auto sectors advanced.Overseas investors turned net sellers of Indian equities on Wednesday. Foreign portfolio investors offloaded stocks worth Rs 1,831.8 crore, while domestic institutional investors turned net buyers and mopped up equities worth Rs 1,469.5 crore, the NSE data showed.The Indian rupee closed flat at 83.27 against the U.S dollar on Wednesday.Continue Reading. Read more on Business News by BloombergQuint.
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