Asian equity benchmarks are trading mixed in early deals on Thursday as the trade rift between the United States and China showed no sign of cooling, with investors fearing a global economic slowdown. Speculation that China may weaponize its dominance in rare earth minerals has dampened the sentiments. Japanese Nikkei is trading negative despite a weaker yen. Among the other Asian markets, Shanghai, Singapore, and Hong Kong are in weak trend. Bucking the trend, South Korea, Taiwan, Indonesia and Malaysia are in positive territory.
Nikkei 225 down 103.81 points or 0.49% to 20,899.56, Hang Seng fell 114.58 points or 0.42% to 27,121.13, Straits Times contract by 24.60 points or 0.78% to 3,138.68, Shanghai Composite dip by 24.12 points or 0.83% to 2,890.58.
On the flip side, Taiwan Weighted up by 62.67 points or 0.61% to 10,364.45, KOSPI Shares rose 10.06 points or 0.50% to 2,033.38, Jakarta Composite up 70.97 points or 1.18% to 6,104.11 and FTSE Bursa Malaysia KLCI enlarge by 7.49 points or 0.46% to 1,631.16.
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