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Asian markets trade mixed in early deals on Tuesday

02 Jul 2019 Evaluate

The Asian equity benchmarks are trading mixed on Tuesday, as the participants awaited for concrete developments in US-China trade truce and on worries about the global economic outlook after the release of disappointing factory data from the US and the euro zone. Hang Seng is on rally after a long weekend to play catch-up with the rest of the region, with overnight violent protests in the city appearing to have had little effect on sentiment. Among the other Asian markets, Singapore, Taiwan, South Korea, Shanghai, and Indonesia, are trading lower. However, Japan and Malaysia are in positive territory.

Straits Times dip 18.04 points or 0.53% to 3,354.22, Taiwan Weighted down 23.41 points or 0.21% to 10,872.05, KOSPI Index decreases 5.15 points or 0.24% to 2,124.59, Shanghai was lower by 1.89 points 0.06% to 3,043.01, and Jakarta Composite contract by 0.59 points or 0.01% to 6,379.10.

On the flip side, Nikkei 225 increases 34.45 points or 0.16% to 21,764.42, Hang Seng up 386.57 points or 1.35% 28,929.19, and FTSE Bursa Malaysia KLCI rose 5.74 points or 0.34% 1,689.36.

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