All the Asian equity indices are trading lower in the early deals on Friday, reflecting weakness in technology shares after chipmaker Taiwan Semiconductor Manufacturing forecast weaker than expected second-quarter revenues due to softer demand for high-end smart phones. In addition, weak commodity prices dragged down resource stocks. Meanwhile, China stocks slid, dragged down by banking and transport firms, and as worries over China-US trade spat lingered.
Nikkei 225 declined 25.87 points or 0.12% to 22,165.31, KOSPI Index dropped 8.02 points or 0.32% to 2,478.08, FTSE Bursa Malaysia KLCI slipped 6.95 points or 0.37% to 1,888.23, Jakarta Composite dipped 34.33 points or 0.54% to 6,321.57, Straits Times contracted 27.81 points or 0.77% to 3,570.92, Taiwan Weighted crumbled 177.49 points or 1.62% to 10,793.73, Hang Seng decreased 128.9 points or 0.42% to 30,579.54, and Shanghai Composite down by 37.37 points or 1.2% to 3,080.01
