Most of the Asian market indices are trading in red in early deals on Wednesday after US President Donald Trump said that there was nothing new in efforts to end the partial government shutdown over a US-Mexico border wall. China stocks slipped amid caution over persisting US political uncertainties as a federal government shutdown and President Donald Trump’s hostile stance towards the Federal Reserve unnerved investors. Among the other Asian markets, Nikkei, Singapore, South Korea, Indonesia, Malaysia and Shanghai are lower. Bucking the trend, Taiwan is in positive territory. The markets in Hong Kong remains closed for public holiday.
Nikkei 225 dropped 16.53 points or 0.09% to 19,139.21, Straits Times tumbled 37.49 points or 1.23% to 3,013.57, Shanghai Composite declined 0.49 points or 0.02% to 2,504.33, Jakarta Composite slipped 33.26 points or 0.54% to 6,130.34, FTSE Bursa Malaysia KLCI decreased 19.34 points or 1.15% to 1,664.48, and KOSPI Shares down by 31.83 points or 1.55% to 2,023.18.
On the flip side, Taiwan Weighted up by 7.35 points or 0.08% to 9,534.44.
