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Asian markets exhibit mixed trend in early deals on Friday

03 Nov 2017 Evaluate

Asian markets are exhibiting mixed trend in the early deals on Friday, following the mostly positive cues overnight from Wall Street and as investors looked ahead to the US monthly jobs report for October due later in the day. Apple's suppliers in Asia advanced after the tech giant forecast revenue for the holiday season above market expectations. Though, Hong Kong stocks traded higher lifted by gains in technology giant Tencent and property developer Wharf Holdings. Among the other Asian markets, Indonesia, Shanghai, South Korea and Singapore are lower. Bucking the trend, Malaysia, Taiwan and Hong Kong are higher. The markets in Japan are closed for the Culture Day holiday.

Jakarta Composite declined 38.3 points or 0.64% to 5,992.80, Shanghai Composite dropped 24.89 points or 0.74% to 3,358.42, KOSPI Index slipped 4.41 points or 0.17% to 2,541.95, and Straits Times was down by 9.20 points or 0.27% to 3,371.30.

On the flip side, FTSE Bursa Malaysia KLCI added 1.21 points or 0.07% to 1,742.26, Taiwan Weighted increased 3.27 points or 0.03% to 10,791.78, and Hang Seng was up by 87.51 points or 0.31% to 28,606.15.