Asian market indices are exhibiting mixed trend in early deals on Monday, following the negative cues from Wall Street on Friday amid worries about global economic growth, trade wars and rising interest rates. Though, Crude oil prices rose in Asian trades after falling on Friday for a tenth straight session after OPEC inches closer to supply cuts. Meanwhile, Japan’s Nikkei ticked up as investors scooped up cheap stocks, but gains were contained by weakness on Wall Street and falling United States tech shares. Among the other Asian markets, Singapore, South Korea, Indonesia, and Malaysia are lower. Bucking the trend, Hong Kong, Taiwan, and Shanghai are in positive territory.
Nikkei 225 added 23.59 points or 0.11% to 22,273.84, Hang Seng gained 79.35 points or 0.31% to 25,681.27, Shanghai Composite increased 17.42 points or 0.67% to 2,616.29, and Taiwan Weighted up by 15.73 points or 0.16% to 9,845.74.
On the flip side, Straits Times dipped 6.78 points or 0.22% to 3,071.19, KOSPI Shares decreased 7.70 points or 0.37% to 2,078.39, Jakarta Composite tumbled 44.88 points or 0.77% to 5,829.27, and FTSE Bursa Malaysia KLCI down by 6.32 points or 0.37% to 1,701.77.
