Most of the Asian market indices are trading in red on Wednesday, following the lackluster cues overnight from Wall Street and crude oil prices tumbled on ongoing worries about weakening world demand and oversupply. Meanwhile, China shares fell led by losses in energy and financial firms on a combination of plunging oil prices and weak lending and consumer data, but strong industrial output results for October helped trim losses. Among the other Asian markets, Singapore, Hong Kong, South Korea, and Malaysia are lower. Bucking the trend, Nikkei, Taiwan and Indonesia are higher.
Straits Times dipped 12.14 points or 0.40% to 3,041.46, Hang Seng slipped 34.81 points or 0.14% to 25,758.06, KOSPI Shares decreased 5.19 points or 0.25% to 2,066.04, FTSE Bursa Malaysia KLCI declined 7.59 points or 0.45% to 1,679.98, and Shanghai Composite down by 1.64 points or 0.06% to 2,653.24.
On the flip side, Nikkei 225 added 37.83 points or 0.17% to 21,848.35, Taiwan Weighted gained 14.56 points or 0.15% to 9,790.40, and Jakarta Composite up by 59.17 points or 1.00% to 5,894.37.
