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Asian markets trade mostly lower in early deals on Tuesday

20 Dec 2016 Evaluate

Most of the Asian equity benchmarks are trading lower in the early deals on Tuesday despite modest overnight gains on Wall Street as attacks in Germany and Turkey kept investors' appetite for risk in check. Further, Japanese equities edged higher despite the Bank of Japan’s left its monetary policy unchanged. Among the other Asian markets, Shanghai, Hong Kong, Indonesia, Malaysia, and Taiwan are all in negative territory. Bucking the trend, Singapore and South Korea are edging higher.

Hang Seng decreased 63.52 points or 0.29% to 21,769.16, Shanghai Composite declined 16.06 points or 0.52% to 3,102.02, Taiwan Weighted dropped 15.61 points or 0.17% to 9,223.71, Jakarta Composite dipped 9.19 points or 0.18% to 5,182.72, and FTSE Bursa Malaysia KLCI was down by 0.71 points or 0.04% to 1,633.59.

On the flip side, Nikkei 225 added 70.87 points or 0.37% to 19,462.47, KOSPI Index gained 5.58 points or 0.27% to 2,043.97, and Straits Times was up by 7.01 points or 0.24% to 2,920.09.

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