Most of the Asian equity benchmarks are trading lower on Tuesday, tracking the lackluster cues from Wall Street and the plunge in crude oil prices overnight. Worries about the likelihood of a ‘hard Brexit’ also weighed on investor sentiment. The Japanese market is modestly lower with the lackluster cues overnight from Wall Street and a stronger yen weighing on investor sentiment. Among the other Asian markets, South Korea, Shanghai, Taiwan and Indonesia are also lower. Bucking the trend, Singapore, Hong Kong, and Malaysia are modestly higher.
Nikkei 225 declined 130.14 points or 0.67% to 19,324.19, KOSPI Index dropped 5.71 points or 0.28% to 2,043.07, Shanghai Composite dipped 2.07 points or 0.07% to 3,169.17, Jakarta Composite slipped 13.59 points or 0.26% to 5,302.78, and Taiwan Weighted was down by 7.96 points or 0.09% to 9,334.46.
On the flip side, Hang Seng rose 133.18 points or 0.59% to 22,691.87, FTSE Bursa Malaysia KLCI gained 2.44 points or 0.15% to 1,670.34, and Straits Times was up by 7.14 points or 0.24% to 2,988.68.
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