The Asian equity benchmarks are trading lower on Wednesday on worries about global economic slowdown and no concrete developments on trade truce. The Japanese Nikkei is in negative territory despite positive cues from Wall Street overnight. Further more the market sentiments got dulled as the traders are cautious as Japan will report June figures for the services and composite indexes from Nikkei today. Among the other Asian markets, Hong Kong, Singapore, Taiwan, South Korea, Shanghai, Indonesia, and Malaysia are trading lower.
Nikkei 225 down 173.76 points or 0.80% to 21,580.51, Hang Seng decrease 52.19 points or 0.18% to 28,823.37, Straits Times dip 11.84 points or 0.35% to 3,358.96, Taiwan Weighted decline 127.42 points or 1.17% to 10,737.70, KOSPI Index shrink 25.09 points or 1.18% to 2,096.93, Shanghai was diminish by 21.21 points 0.70% to 3,022.73, Jakarta Composite contract by 30.28 points or 0.47% to 6,354.62 and FTSE Bursa Malaysia KLCI decreases 4.81 points or 0.28% to 1,686.19.
