All of the Asian markets are trading in red in early deals on Friday following the weak cues from Wall Street amid worries about trade tensions and rising interest rates. Meanwhile, the Japanese market is lower following the lackluster cues on Wall Street as well as on weak China GDP data. In addition, the safe-haven yen strengthened, dragging exporters' shares lower. China's GDP for the third quarter climbed 6.5 percent - shy of estimates for 6.6 percent and down from 6.7 percent in the previous three months. In addition, data showed that China's industrial production also missed estimates, while retail sales and fixed asset investment topped expectations.
Nikkei 225 dropped 245.04 points or 1.09% to 22,413.12, Shanghai Composite dipped 0.43 points or 0.02% to 2,485.99, Hang Seng slipped 87.79 points or 0.35% to 25,366.76, Straits Times contracted 7.34 points or 0.24% to 3,062.30, KOSPI Shares declined 1.53 points or 0.07% to 2,146.78, Taiwan Weighted decreased 67.85 points or 0.69% to 9,885.88, Jakarta Composite tumbled 3.63 points or 0.06% to 5,841.61, and FTSE Bursa Malaysia KLCI down by 7.44 points or 0.43% to 1,730.57.
