Asian stocks showed mixed performance as investors await key inflation data that could influence the Federal Reserve’s rate cut decisions. Hopes for rate cuts were fueled by signs of a cooling US labor market, even as geopolitical tensions in the Middle East pushed oil prices higher. Traders are also monitoring potential trade actions and economic data from China.
Negative Breakout: These 9 stocks cross below their 200 DMAs
In the Nifty500 pack, nine stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 21, according to technical scan data from StockEdge.