Most of the Asian markets are trading in red in early deals on Monday as investors concern continued about the global trade tensions and prospects for economic growth. Meanwhile, the Japanese market is declining as investors shrugged off the positive cues from Wall Street. Worries about trade tensions and rising interest rates, in addition to a stronger yen, weighed on sentiments. Among the other Asian markets, Shanghai, Hong Kong, Singapore, South Korea, and Taiwan are lower. Bucking the trend, Indonesia and Malaysia are higher.
Nikkei 225 dropped 342.77 points or 1.53% to 22,351.89, Shanghai Composite dipped 20.65 points or 0.80% to 2,586.26, Hang Seng slipped 259.76 points or 1.02% to 25,541.73, Straits Times contracted 11.01 points or 0.36% to 3,058.16, KOSPI Shares declined 11.33 points or 0.53% to 2,150.52, and Taiwan Weighted down by 116.13 points or 1.17% to 9,929.68.
On the flip side, Jakarta Composite gained 13.53 points or 0.23% to 5,770.02, and FTSE Bursa Malaysia KLCI up by 2.29 points or 0.13% to 1,733.03.
