Asian equity benchmarks are trading in red in the early deals on Monday, followed by lower than expected financial data from Europe and on growing worries about an impending US recession as the closely watched yield curve inverted. Japanese stock market slumped, while the safe-haven Japanese yen rose to a six-week high. Investors are also awaiting China-U.S. trade talks that are due to resume Thursday in Beijing.
Nikkei 225 dip 699.71 points or 3.24% to 20,927.63, Hang Seng down 517.43 points or 1.78% to 28,595.93, Straits Times dragged 47.12 points or 1.47% to 3,164.98, Taiwan Weighted decline 159.11 points or 1.50% to 10,479.96, Shanghai Composite lower by 42.50 points or 1.37% to 3,061.65, KOSPI Shares decreased 36.45 points or 1.67% to 2,150.50, Jakarta Composite rise 90.07 points or 1.38% to 6,435.20, and FTSE Bursa Malaysia KLCI down by 14.86 points or 0.89% to 1,651.80.
