Most of the Asian markets are trading in red terrain in early deals on Tuesday as the lack of new leads following a US market holiday meant that trade worries and slowing Chinese manufacturing activity stayed in the spotlight. Meanwhile, China’s stock markets extended losses, with investors concerned over slowing growth at home and the US set to impose fresh tariffs on $200 billion worth of Chinese imports as early as this week. Among the other Asian markets, Nikkei, Malaysia, Singapore, and Indonesia are lower. Bucking the trend, Hong Kong, South Korea and Taiwan are in positive territory.
Nikkei 225 dropped 33.27 points or 0.15% to 22,674.11, FTSE Bursa Malaysia KLCI contracted 3.77 points or 0.21% to 1,809.81, Straits Times crumbled 2.35 points or 0.07% to 3,204.85, Shanghai Composite decreased 1.54 points or 0.06% to 2,719.19, and Jakarta Composite down by 38.16 points or 0.64% to 5,929.42.
On the flip side, Hang Seng added 8.67 points or 0.03% to 27,721.21, KOSPI Index gained 4.41 points or 0.19% to 2,311.44, and Taiwan Weighted up by 29.34 points or 0.27% to 10,993.56.
