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    Market likely to be in check as global markets recover from US-China trade spat

    Market likely to be in check as global markets recover from US-China trade spat

    Market likely to be in check as global markets recover from US-China trade spat
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    By CNBC-TV18  IST (Updated)

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    Investors are cautiously dipping back in the water, having been savaged again on Tuesday when the United States and China ratcheted up trade tariff threats. Emerging market stocks were especially vulnerable to a sell-off on trade headlines because some are over-valued at a time when the US Federal Reserve is raising rates.

    The market is likely to be in check in the opening on Thursday as the Asian markets were trading mixed and the US market ended largely higher in the last session.
    Asian shares were subdued in early trade as a lull in the Sino-US trade tussle helped calm nerves enough for the Nasdaq to reach a record high, while tensions in the oil market grew ahead of an OPEC meeting that may expand crude supply.
    MSCI's broadest index of Asia-Pacific shares outside Japan was 0.05 percent firmer, while Japan's Nikkei edged up 0.12 percent in thin trade.
    Futures for the S&P 500 added 0.14 percent as traders waited for new developments on global trade.
    On Wall Street, resilience in tech stocks helped the Nasdaq to an all-time peak, though the moves were modest. While the Dow Jones fell 0.17 percent, the S&P 500 gained 0.17 percent and the Nasdaq 0.72 percent.
    The BSE Sensex and the NSE Nifty closed higher on Wednesday. The Sensex closed 261 points higher, while the Nifty50 ended the day above 10,770 mark.
    In Wednesday's morning trade, the market had rebounded after a two-day losing streak.
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