Most of the Asian markets are trading in red in early deals on Friday, following Wall Street losses overnight as investors were still wary over trade disputes between China and the US as well as between the US and Europe that could hurt corporate profit and jobs. Meanwhile, the Japanese market is declining, tracking a stronger yen and the weak cues from Wall Street. Among the other Asian markets, Malaysia, Hong Kong, Indonesia, Singapore and Taiwan are lower. Bucking the trend, South Korea and Shanghai are in positive territory.
Nikkei 225 dipped 214.37 points or 0.95% to 22,478.67, FTSE Bursa Malaysia KLCI slipped 2.25 points or 0.13% to 1,690.07, Hang Seng dropped 78.77 points or 0.27% to 29,217.28, Straits Times declined 14.52 points or 0.44% to 3,285.48, Jakarta Composite contracted 25.95 points or 0.45% to 5,796.38, and Taiwan Weighted down by 49.20 points or 0.45% to 10,891.87.
On the flip side, KOSPI Index gained 8.26 points or 0.35% to 2,346.09, and Shanghai Composite up by 10.16 points or 0.35% to 2,885.97.
