India-linked offshore derivatives market GIFT Nifty also traded sharply lower, declining 551.50 points, or 2.27%, to 23,771.50, indicating a weak start expected for Indian equities.
Global equity markets witnessed sharp declines on March 9 as investors turned cautious, triggering widespread selling across Asia, Europe, and U.S. futures markets.
In Asia, Japan’s benchmark Nikkei 225 recorded the steepest fall among major indices, plunging 6.98% to 51,740.46, marking one of its sharpest single-day declines in recent sessions. The sell-off came amid broader weakness across regional markets.
Hong Kong’s Hang Seng Index also dropped 2.52% to 25,108.76, reflecting pressure across technology and financial stocks.
In the United States, futures indicated a weak opening for Wall Street. Dow Jones Futures tumbled 1,026.60 points, or 2.16%, to 46,475, signaling heavy selling pressure ahead of the trading session. Meanwhile, the S&P 500 declined 2.00% to 6,620.50, while the Dow Jones Industrial Average had earlier slipped 0.94% in the previous session.
European markets also moved lower. Germany’s DAX Index fell 0.94% to 23,591.03, while France’s CAC 40 dropped 0.65% to 7,993.49, indicating cautious sentiment across the region.
In South Korea, the KOSPI recorded one of the sharpest losses, plunging 7.60% to 5,160.42, reflecting intense selling pressure across Asian equities.
Market analysts noted that the synchronized decline across major global indices suggests heightened risk aversion among investors, with traders closely monitoring macroeconomic signals, geopolitical developments, and global liquidity conditions that could influence equity markets in the coming sessions.
