Stock Markets Live: SGX Nifty Slips 1% Amid Weak Asia Trading; Centrum, PNB Housing, Info Edge In Focus

Asian stocks slid Monday and Treasury yields fell as traders soured on the reflation trade in the wake of a hawkish pivot by the Federal Reserve.

Japan led the Asian equity retreat, with the Nikkei 225 dropping as much as 3.4%, while U.S. futures edged down after an S&P 500 slump. Hong Kong fell and Chinese shares were modestly lower. Treasury yields slipped, taking the 30-year rate below 2% for the first time since February, as the prospect of less accommodative U.S. monetary policy buffeted markets.

India's SGX Nifty 50 Index futures for June delivery fell 1.2% to 15,569.50, while MSCI Asia Pacific Index slipped 1.4%. The NSE Nifty 50 Index fell 0.1% Friday to 15,683.35.

Gold stabilis ed after slumping last week. Oil climbed above $72 a barrel as talks between world powers and Iran dragged on, potentially delaying the return of the latter’s energy exports.

Back home, NTPC, GMR Infra, Ashoka Buildcon, Insecticides may react as the companies reported quarterly results after the market closed Friday. Oil India, Info Edge are among the companies scheduled to report earnings Monday. Foreign investors sold net Rs 914 crore of stocks on June 17, according to NSDL website.