Asian equity benchmarks are trading in red in early deals on Thursday, on account of mounting worries about trade tensions with the reports that the US and Mexico failed to reach a deal during their trade talks. Though, Japanese Nikkei is trading higher with the positive cues from Wall Street as global recession worries paved anticipations for a potential interest rate cut by the US Federal Reserve. Indonesian and South Korean stock markets are closed for a holiday. Among the other Asian markets, Shanghai, Taiwan, Singapore and Malaysia are in negative territory. However, Japanese Nikkei and Hong Kong are in positive lead.
Shanghai Composite dip by 13.08 points or 0.46% to 22,848.34, Taiwan Weighted diminish by 84.38 points or 0.81% to 10,377.24, Straits Times down by 6.28 points or 0.20% to 3,136.09 and FTSE Bursa Malaysia KLCI slips by 11.22 points or 0.68% to 1,644.09.
On the flip side, Nikkei 225 up 59.39 points or 0.29% to 20,835.49, and Hang Seng arose 58.44 points or 0.22% to 26,953.88.
