All the Asian markets are trading in red terrain in early deals following the overnight sell-off on Wall Street. Warnings on profit outlook from bellwether U.S. companies and worries about rising bond yields as well as their impact on inflation have dampened investors’ sentiments. Japanese Nikkei is trading lower as worries over rising bond yields dampened investors’ sentiments. Traders also remained on sidelines ahead of February figures for Japanese all industry activity index. Hang Seng is considerably lower as traders booked profit after yesterday’s rally, following gains from the financials, casinos and oil and insurance companies.
Asian markets are trading in red; Hang Seng declined 257.35 points or 0.84% to 30,378.89, Nikkei 225 decreased 83.7 points or 0.38% to 22,194.42, Jakarta Composite dropped 69.25 points or 1.11% to 6,160.39, Taiwan Weighted slipped 37.8 points or 0.36% to 10,541.70, KOSPI Index fell 21.73 points or 0.88% to 2,442.41, FTSE Bursa Malaysia KLCI shed 14.34 points or 0.77% to 1,851.00 and Shanghai Composite was down by 9.62 points or 0.31% to 3,119.31.
