MUMBAI: Indian stock markets may tick lower on Monday, in line with weakness in global peers. The dollar rose, oil prices fell and stock markets slipped in early deals today as rising tension between the US and China over covid-19 and growing unease at the gulf between asset prices and grim economic prospects turned investors cautious.
The safe-haven US dollar rallied to one-week highs against the risk sensitive Australian and New Zealand dollars. Hong Kong fell 3.4%, while South Korea’s Kospi declined 1.9% in morning trade.
In Australia, the S&P/ASX 200 slipped 0.25%. Markets in China, Japan and Thailand are shut today for holidays. The SGX Nifty futures were down over 200 points in early deals, indicating a negative start to Indian