Asian market indices are trading lower in early deals on Friday, with negative trend from wall street, followed by the weaker than expected economic data from China. Investors went cautious amid worries about a slowdown in the world's second largest economy with still lingering trade tensions. In economic front, the Bank of Japan said in its quarterly Tankan Survey that an index of business and manufacturing sentiment in Japan was steady in the fourth quarter of 2018, capping some losses.
Nikkei 225 slip 379.48 points or 1.74% to 21,436.71,Hang Seng down 370.79 points or 1.40% to 26,153.56, Straits Times decrease -40.80 points or 1.31% to 3,070.28, Taiwan Weighted dip 93.04 points or 0.94% to 9,765.72, Shanghai Composite lost by 9.96 points or 0.62% to 1,605.03, KOSPI Shares contracted 30.48 points or 1.45% to 2,065.07, Jakarta Composite dip 3.78 points or 0.06% to 6,173.94, and FTSE Bursa Malaysia KLCI down by 11.43 points or 0.68% to 1,664.57.
