By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , was trading 0.14% or 24 points lower at 9:05 am on Monday, indicating a lower opening on Dalal Street.
Further, the rose 0.23% and remained muted.
Major indices on Wall Street ended the week lower on Friday amid mixed jobs data which showed a rise in the unemployment rate in August to 3.7% from 3.5% in July.
However, gains in the session were erased after Russia shut a major gas exports pipeline to Europe, which led the governments to announce emergency measures for easing a jump in energy prices.
plunged 1.3%, and fell 1.07% each.
Stocks across Asian markets traded mixed on Monday after the gas crisis in Europe. The euro declined and appeared to test its recent 20-year low as markets expected more risk of a European recession.
At 8:55 am, South Korea’s and Japan’s Nikkei lowered 0.14% each, while China’s gained 0.11%, Hong Kong’s tanked 1.7% and Australia’s ASX 200 climbed 0.1%.
Oil surged on Monday and extended its gains as OPEC+ producers were likely to announce changes in production to support the prices at a meeting scheduled later in the day. jumped 1.92% to $94.8/barrel and WTI Futures rallied 1.88% to $88.5/barrel. Futures gained 0.75%.
