Asian markets are exhibiting mixed trend in the early deals on Monday, following the sharp losses on Wall Street for a second straight day on Friday and the continued weakness in the price of crude oil. Meanwhile, Japanese stocks fell as the yen gained against the dollar, putting pressure on exporters after the Bank of Japan disappointed markets with minor adjustments to its massive stimulus programme. Among the other Asian market, Singapore, Indonesia, and Malaysia are all in negative territory with modest losses. Bucking the trend, South Korea, Taiwan, Shanghai, and Hong Kong are marginally higher.
Nikkei 225 dipped 191.61 points or 1.01% to 18,795.19, FTSE Bursa Malaysia KLCI dropped 15.35 points or 0.93% to 1,628.55, Jakarta Composite declined 4.39 points or 0.10% to 4,464.26 and Straits Times was down by 8.98 points or 0.31% to 2,843.86.
On the flip side, Taiwan Weighted surged 3.93 points or 0.05% to 8,261.25, KOSPI Index added 2.54 points or 0.13% to 1,977.86, Hang Seng increased 58.86 points or 0.27% to 21,814.42 and Shanghai Composite was up by 50.24 points or 1.40% to 3,629.20.