Pre-market indices: SGX Nifty Futures up, Asian stocks up, US yields down

By Malvika Gurung — Singapore-listed company SGX, a leading indicator for , was trading 0.29% or 44.5 points higher at 8:55 a.m. Friday, indicating a positive open to stable on Dalal Street.

Additionally, the rose 0.3% and gained 0.74%.

Major Wall Street indexes stabilized higher, swinging between positive and negative on Thursday, driven by . Defensive tech stocks boosted the market, giving its biggest jump as investors worried about a possible recession.

U.S. Treasury yields plunged to two-week lows, in part on growing belief that yields may have topped the near term even if inflation remains elevated, Reuters quoted. prices fell to 16-month lows amid rising rates and weak economic data fueling demand fears.

jumped 1.62%, gained 0.64% and the S&P 500 rose 0.95%.

Shares in Asian markets rose on Friday, following positive signals from Wall Street as investors gauged the economic outlook and expectations of higher interest rates.

As of 8:54 a.m., South Korea jumped 2.1%, Japan jumped 0.73%, Hong Kong jumped 1.3%, China jumped 0.6% and Australia by 0.22%.

fell 0.35% to $109.66/bbl and was down 0.3% at the time of writing. climbed 0.3% to 6.22.

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