Poet Sandeep Khare reciets a Poem on good and devil
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The Dow Jones Industrial Average fell 525.63 points, or 1.82%, to 28,333.81, the SP 500 lost 48.35 points, or 1.47%, to 3,235.31 and the Nasdaq Composite dropped 110.89 points, or 1.19%, to 9,188.05.
Asset quality is expected to be improving sequentially as well as quarterly, but slippages may remain elevated.
Japan#39;s Nikkei fell 1%. Hong Kong#39;s Hang Seng extended Wednesday#39;s drop and Taiwan#39;s benchmark index opened 1.5% lower in its first session since the Lunar New Year break.
The Dow Jones Industrial Average rose 163.34 points, or 0.57%, to 28,886.19, the SP 500 gained 14.76 points, or 0.45%, to 3,291, and the Nasdaq Composite added 49.66 points, or 0.54%, to 9,319.34.
Realisations are likely to grow over 9 percent YoY, but there could be a 2 percent decline on sequential basis.
Key things to watch out for would be commentary on demand outlook for QSR, and launches/Hong#39;s Kitchen/promotions.
MSCI#39;s broadest index of Asia-Pacific shares outside Japan rose 0.2%, ending four days of losses. Australian shares rose 0.41%, while Japan#39;s Nikkei stock index rose 0.27%.