Asian equity benchmarks are trading in red on Wednesday, rattled by fresh trade war concern following President Donald Trump’s threats to Beijing, while increasing worries about a no-deal Brexit kept the sterling pound under pressure. The market participants were also cautious ahead to the result of Federal Open Market Committee (FOMC) meeting. Japanese stocks are in a negative territory with the weak cues from Wall Street overnight .Among the other Asian markets, Shanghai, Singapore, Hong Kong, Indonesia, South Korea, Taiwan and Malaysia are trading lower.
Nikkei 225 down 139.93 points or 0.64% to 21,569.38, Straits Times dipped 3.81 points or 0.11% to 3,346.73, Hang Seng diminished 313.46 points or 1.11% to 27,833.04, Taiwan Weighted decreased 4.17 points or 0.04% to 10,826.73, KOSPI Index down 6.28 points or 0.31% to 2,032.40, Shanghai narrowed 15.76 points 0.53% to 2,936.58, Jakarta Composite dipped by 15.34 points or 0.24% to 6,361.66, and FTSE Bursa Malaysia KLCI contracted 8.67 points or 0.53% to 1,634.02.
