Asian equity benchmarks are trading in red on Monday, as US-China negotiations resume in Beijing later this week amid low expectations for a major breakthrough. Market sentiments also dulled as traders eyed on US Federal Reserve's monetary policy announcement due on Wednesday. Japan's Nikkei is in lower note with the firmer yen and as the value of retail sales in Japan was roughly unchanged in June on a seasonally adjusted basis. Among the other Asian markets, Shanghai, Singapore, Hong Kong, Indonesia, Taiwan, South Korea and Malaysia are in negative territory.
Nikkei 225 down 88.36 points or 0.41% to 21,569.79, Straits Times dipped 21.17 points or 0.63% to 3,342.59, Hang Seng declined 340.91 points or 1.20% to 28,056.83, Shanghai decreased 4.04 points 0.14% to 2,940.50, Jakarta Composite dipped by 29.12 points or 0.46% to 6,296.12, Taiwan Weighted down 1.41 points or 0.01% to 10,890.57, KOSPI Index dropped 32.00 points or 1.55% to 2,034.26 and FTSE Bursa Malaysia KLCI declined 5.39 points or 0.33% to 1,642.57.
