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Asian markets trade mostly lower in early deals on Monday

12 Aug 2019 Evaluate

The Asian equity benchmarks traded mostly lower in early deals on Monday amid US-China trade war following Donald Trump’s warning of cancellation of his next month's planned talks with China in the month of September. Trump stated that United States is not going to do business with Huawei also added pressure on the sentiment. Japan, Singapore and Malaysia KLCI markets were closed for a holiday on Monday. Among the other Asian markets, South Korea and Shanghai are in positive territory. On the flip side, Hong Kong, Taiwan and Indonesia are trading lower.

Hang Seng dipped 23.57 points or 0.09% to 25,915.73, Taiwan Weighted dropped by 3.70 points or 0.04% to 10,490.79 and Jakarta Composite decreased by 33.33 points or 0.53% to 6,248.80.

On the flip side, KOSPI Index increased by 5.39 points or 0.28% to 1,943.14, Shanghai was up by 15.82 points 0.57% to 2,790.57.


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