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Asian markets trade mostly lower in early deals on Tuesday

14 May 2019 Evaluate

Most of the Asian equity benchmarks are trading lower in the early deals on Tuesday, with risk aversion outlook after China announced that it will retaliate over levies imposed by the Trump administration. Negative cues from Wall Street also dampened sentiments. Japan's Nikkei index is in negative note as the safe-haven yen strengthened. Among the other Asian markets, Hong Kong, Singapore, Taiwan, Indonesia, Shanghai and Malaysia are in negative trend. Bucking the trend, South Korea is in positive territory.

Nikkei 225 down 147.71 points or 0.70% to  21,043.57, Hang Seng diminish 452.48 points or 1.58% to 28,097.76, Straits Times dip by 27.59 points or 0.85% to 3,206.69, Taiwan Weighted decrease 37.10 points or 0.35% to 10,521.19, Jakarta Composite diminish 75.10 points or 1.22% to 6,060.30, Shanghai Composite contracted by 10.36 points or 0.36% to 2,893.35 and FTSE Bursa Malaysia KLCI down by 7.84 points or 0.48% 1,635.28.

On the flip side, KOSPI Shares up 2.32 points or 0.11% to 2,081.33.

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