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Global Market Cues: Asian Markets Slide And Crude Tension Dominates
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CNBC Awaaz•13-10-2026, 07:25
Global Market Cues: Asian Markets Slide And Crude Tension Dominates
- •Indian stock market shows signs of a better start on Nifty weekly expiry with marginal gains in GIFT Nifty and Dow futures.
- •Asian markets face a sharp decline with Kospi dropping around 6 percent and Nikkei down by about 3 percent.
- •US markets displayed mixed trends as the Dow rose for the third consecutive session while Nasdaq fell due to losses in Micron shares.
- •Crude oil prices remain elevated near 105 dollars per barrel for Brent crude amid escalating West Asian crises and infrastructure attacks.
- •Federal Reserve officials warn that inflation pressures are driven by import tariffs, electricity demand, and AI infrastructure investments.
Key Questions Answered
Asian markets experienced significant declines on Tuesday, with Kospi dropping by about 6%, the Nikkei falling by about 3%, and the Taiwan Index registering a decline of over 1%.
US President Donald Trump defended the energy deal involving Russia on social media, stating that he made the right decision in the interest of the American public and claiming that Europe had paid $250 billion to Russia for energy.
Cleveland Federal Reserve President Beth Hammack stated that inflationary pressure is driven by import tariffs, rising electricity demand, and increasing investment in artificial intelligence infrastructure, alongside energy prices.
