Asian markets exhibit mixed trend in early deals on Monday amid cautious trades following the positive cues from Wall Street on Friday and on news that a US government shutdown will continue for a third day Monday after the Senate failed to reach a deal on Sunday night. Meanwhile, Japan’s Nikkei share average inched lower with resource-related sectors including trading houses, steelmakers and shippers leading the losses as the US government shutdown hurt risk appetite globally. Among the other Asian markets, South Korea, Malaysia, and Hong Kong are edging lower. Bucking the trend, Shanghai, Indonesia, Taiwan, and Singapore are in positive territory.
Nikkei 225 declined 40.09 points or 0.17% to 23,767.97, KOSPI Index dropped 26.57 points or 1.05% to 2,493.69, Hang Seng slipped 14.11 points or 0.04% to 32,240.78, and FTSE Bursa Malaysia KLCI was down by 1.6 points or 0.09% to 1,827.23.
On the flip side, Shanghai Composite added 7.54 points or 0.22% to 3,495.41, Jakarta Composite gained 24.58 points or 0.38% to 6,515.48, Taiwan Weighted rose 52.76 points or 0.47% to 11,203.61, and Straits Times was up by 2.60 points or 0.07% to 3,552.96.
