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Asian markets trade mostly lower in early deals on Tuesday

14 Apr 2015 Evaluate

Most of the Asian equity benchmarks are trading down in the early deals on Tuesday, following the losses on Wall Street ahead of US first quarter corporate results. Investors worried about how a strengthening dollar and falling oil prices have affected profits and also awaiting US retail sales data due later in the day to see whether consumer spending had picked up after a sluggish start to the year. The Japanese market opened in negative territory, following the weak lead overnight from Wall Street and a stronger yen. However, the market has pared initial losses and is currently trading flat. Among the other markets in the Asian region, Hong Kong, Japan, Indonesia, Malaysia and Taiwan are also lower. South Korea, Shanghai and Singapore are up with modest gains.

Nikkei 225 declined 15.10 points or 0.08% to 19,890.36, Taiwan Weighted slipped by 8.21 points or 0.08% to 9,658.31, Jakarta Composite dropped by 18.58 points or 0.34 % to 5,428.83, FTSE Bursa Malaysia KLCI contracted 0.06 points to 1,842.02 and Hang seng was down by 135.44 points or 0.48% to 27,880.90.

On the flip side, KOSPI Index rose 7.95 points or 0.38% to 2,106.87, Shanghai Composite Index added by 39.70 points or 0.96% to 4,161.42 and Straits Times was up by 9.44 points or 0.27% to 3,493.83.

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