Most of the Asian equity benchmarks are trading in red in the early deals on Monday, paring some gains despite the positive cues from Wall Street in a truncated session on Friday. The market players are now looking forward to key data from major economies, including the U.S., Japan and China, later this week. Among the other Asian markets, China, Malaysia, Singapore, Hong Kong, South Korea and Taiwan are trading in red. Bucking the trend, Indonesia is in positive territory.
Nikkei 225 dipped 62.91 points or 0.28% to 22,487.94, Shanghai Composite trimmed 27 points or 0.81% to 3,326.82, Taiwan Weighted lower 79.86 points or 0.74% to 10,774.23, FTSE Bursa Malaysia KLCI dipped 3.25 points or 0.19% to 1,713.98,Hang Seng reduced 128.87 points or 0.43% to 29,737.45, KOSPI Index weakened 32.69 points or 1.28% to 2,511.64 and Straits Times was down by 6.28 points or 0.18% to 3,435.87.
On the flip side, Jakarta Composite was up by 0.87 points or 0.01% to 6,068.02.