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Asian markets trade lower on Wednesday

05 Dec 2018 Evaluate

The Asian market indices are trading lower on Wednesday following the overnight plunge on Wall Street as sharp declines in long-term US Treasury yields and resurgent trade concerns stoked investor worries about global economic growth. The Japanese market is trading lower on the negative cues from Wall Street amid fears of an upcoming economic slowdown and on lingering worries about trade tensions due to mounting skepticism over the US-China tariff truce.

Nikkei 225 dipped 110.18 points or 0.50% to 21,943.49, Hang Seng dropped 420.39 points or 1.57% to 26,840.05, Taiwan Weighted slipped 176.88 points or 1.79% to 9,906.66, FTSE Bursa Malaysia KLCI declined 8.88 points or 0.52% to 1,686.11, Straits Times decreased 34.07 points or 1.09% to 3,133.72, KOSPI Shares tumbled 13.91 points or 0.66% to 2,100.44, Jakarta Composite contracted 22.65 points or 0.37% to 6,130.21, and Shanghai Composite down by 5.71 points or 0.21% to 2,660.25.

 

 

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