Most of the Asian markets are trading in red in early deals on Wednesday, with investors treading cautiously following the mixed cues from Wall Street amid lingering worries about the impact of interest rates hikes and United States-China trade tensions. Investors also digested US President Donald Trump's comments that he did not like the Federal Reserve's decision to continue raising interest rates. The markets in Taiwan are closed for the National Day holiday. Among the other Asian markets, Singapore, South Korea, Shanghai, and Malaysia are lower. Bucking the trend, Nikkei, Hong Kong, and Indonesia are higher.
Straits Times contracted 24.10 points or 0.77% to 3,142.50, KOSPI Shares declined 24.13 points or 0.77% to 2,228.30, Shanghai Composite dropped 4.89 points or 0.18% to 2,716.12, and FTSE Bursa Malaysia KLCI down by 0.33 points or 0.02% to 1,776.82.
On the flip side, Nikkei 225 gained 3.16 points or 0.01% to 23,472.55, Hang Seng added 113.38 points or 0.43% to 26,286.29, and Jakarta Composite up by 8.06 points or 0.14% to 5,804.85.
