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Asian markets trade mostly lower in early deals on Thursday

29 Aug 2019 Evaluate

Most of the Asian equity benchmarks are trading lower on Thursday, in tandem with worries as the uncertainty over US-China trade negotiations continues. The market sentiments dulled as the investors eyed on US bond market amid a further inversion of the yield curve. The Japan's Nikkei slipped into negative territory despite positive cues from Wall Street overnight. Among the other Asian markets, South Korea, Hong Kong, Shanghai and Malaysia are in negative pace. However, Indonesia, Singapore and Taiwan are in positive lead.

Nikkei 225 down 37.91 points or 0.19% to 20,441.51, Hang Seng dipped 91.22 points or 0.36% to 25,524.26, KOSPI Index decreased 2.84 points or 0.15% to 1,938.25, Shanghai down 3, 47 points 0.12% to 2,890.29, and FTSE Bursa Malaysia KLCI lower 2.38 points or 0.15% to 1,587.44.

On the flip side, Straits Times up 1.39 points or 0.05% to 3,057.86, Jakarta Composite higher 7.65 points or 0.12% to 6,289.30 and Taiwan Weighted added 10.51 points or 0.10% to 10,444.80.

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