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Asian markets trade lower in early deals on Friday

26 Oct 2018 Evaluate

All the Asian counters are trading in red in early deals on Friday, as trade tensions and geopolitical worries kept investors from tracking a rebound on Wall Street, with observers warning of further volatility to come. Some of the major indices entered into red terrain after opening higher. Japanese Nikkei edged lower over a percent despite slightly weaker yen. On the economic front, overall consumer prices in the Tokyo region were up 1.5 percent on year in October, the Ministry of Internal Affairs and Communications said on Friday. That was in line with expectations and up from 1.3 percent in September.

Nikkei 225 down 224.34 points or 1.07 % to  21,044.39 , Shanghai Composite edged down 15.14 points or 0.58 % to 2,588.66, Hang Seng dip 351.53 points or 1.43 % to 24,642.93 , Straits Times dip 50.83 points or 1.72 % to 2,962.01, KOSPI Shares down 44.48 points or 2.20 % to 2,018.82, Taiwan Weighted down 75.88 points or 0.80 % to 9,444.91, Jakarta Composite dip 3.07 points or 0.05 % to 5,751.90,and FTSE Bursa Malaysia KLCI down by 3.85 points or 0.23 % to 1,682.74.