Indian markets are expected to remain weak on Wednesday as global peers continue to be under pressure. Asian equities tracked Wall Street's slide today as the latest developments in the US-China trade conflict fanned fresh fears about global growth, driving support for safe-haven government bonds. Wall Street stocks slid on Tuesday, with the S&P 500 losing 1.65% and the Dow shedding 1.8% on the US-China trade concerns. Global stocks had a rocky start to the week after Washington on Monday accused Beijing of backtracking from commitments made during trade negotiations. Crude oil prices had dropped as renewed U.S.-China trade worries stoked concerns of slower global growth crimping demand for commodities.

Source: Mint May 08, 2019 03:00 UTC