All the Asian markets, barring Jakarta Composite, are trading in red in early deals on Tuesday despite the overnight gains on Wall Street as investors looked for fresh cues after trade tensions between the U.S. and China eased. Crude oil prices rose in Asian trades after touching their highest levels in three and a half years overnight. The Japanese market drifted lower in choppy trading as a stronger yen weighed on exporters’ shares. In economic news, Japan will release April figures for supermarket sales later in the day. Among the other Asian markets, Malaysia, Shanghai, Taiwan and Singapore, are trading lower. Bucking the trend, Indonesia is higher. Markets in South Korea and Hong Kong are closed for holidays.
Nikkei 225 slipped 19.57 points or 0.09% to 22,982.80, Shanghai Composite decreased 12.73 points or 0.4% to 3,201.11, Taiwan Weighted dipped 5.48 points or 0.05% to 10,960.72, Straits Times shed 4.07 points or 0.11% to 3,552.30 and FTSE Bursa Malaysia KLCI down by 2.95 points or 0.16% to 1,850.63.
On the flip side, Jakarta Composite up by 72.52 points or 1.26% to 5,806.37.
