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NEW DELHI: Stock and commodity exchanges, currency as well as bond markets are closed on Thursday on account of Independence Day.
Asian stocks dropped on Thursday morning as the main yield curve in US Treasurys inverted, triggering fears over the state of the US economy.
MSCI Asia index (ex-Japan) fell 0.89 per cent overall, while Japan’s Nikkei 225 tanked 1.47 per cent in morning trade.
Australia’s S-P/ASX 200 tumbled 2.29 per cent.
Mainland China’s Shanghai composite shed 1.08 per cent while the Shenzhen component declined 1.27 per cent.
Hong Kong’s Hang Seng index shed 0.73 per cent.
South Korean markets are also closed for a holiday.
On Wall Street, the Dow Jones Industrial Average plunged 800.49 points in overnight trade to close at 25,479.42 — marking its worst percentage drop of the year and fourth-largest point drop of all time.
The S-P 500 fell 2.93 per cent to finish the trading day at 2,840.6, while the Nasdaq Composite closed 3.02 per cent lower at 7,773.94.
Tracking higher global markets, India's stock market indices Sensex and Nifty rebounded on Wednesday, with some buying emerging in stocks that fell sharply in Tuesday's selloff.
After rising over 500 points at day's high, the Sensex ended 353 points higher at 37,311 after US delayed tariffs on some Chinese imports, bringing some relief to global markets rattled by a trade conflict.
The broader Nifty ended nearly 1 per cent higher at 11,029.
The rupee also rebounded to 70.85 against the dollar after slumping to six-month low on Tuesday though it later pared some gains.
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