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Asian markets trade mostly lower in early deals on Friday

20 Mar 2015 Evaluate

Most of the Asian equity benchmarks are trading lower in the early deals on Friday, due to the mixed cues overnight from Wall Street following the Fed-inspired rally seen in the previous session. In addition, a stronger dollar weighed on oil and other commodity prices. Further, Japan's Nikkei share average was little changed, as investors took a breather after the market's strong rally since February. Among the other markets in the Asia-Pacific region, Shanghai, South Korea, Hong Kong, Indonesia, Malaysia and Taiwan are lower. Meanwhile, Singapore is in positive territory.

Nikkei 225 dipped 21.08 points or 0.11% to 19,455.48, Hang Seng contracted 69.09 points or 0.28% to 24,399.80, KOSPI Index declined 0.32 points or 6.55% to 2,031.34 FTSE Bursa Malaysia KLCI slipped 8.03 points or 0.44% to 1,801.10, Taiwan Weighted crumbled 13.52 points or 0.14% to 9,723.21, Shanghai Composite shaded by 8.41 points or 0.23% to 3,573.86 and Jakarta Composite was down by 20.70 points or 0.38% to 5,433.15.

On the flip side, Straits Times was up by 17.66 points or 0.52% to 3,403.82.

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