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Asian markets trade mostly lower in early deals on Tuesday

03 Sep 2019 Evaluate

Most of the Asian equity benchmarks are trading lower on Tuesday amid worries on possible recession after a new round of tit-for-tat tariff war escalation between US and China. Though, Japan's Nikkei is in positive lead with a slightly weaker yen. The US markets were closed on Monday for the Labor Day holiday. Among the other Asian markets, Hong Kong, Indonesia, Taiwan South Korea, Shanghai and Malaysia are in negative pace. However, Singapore and Japan are in positive lead.

Hang Seng dipped 24.85 points or 0.10% to 25,601.70, Taiwan Weighted narrowed 44.46 points or 0.42% to 10,590.39, Jakarta Composite lower by 25.73 points or 0.41% to 6,302.74, KOSPI Index decreased 2.41 points or 0.12% to 1,966.78, Shanghai dropped 1.57 points 0.05% to 2,922.54, and  FTSE Bursa Malaysia KLCI down 15.08 points or 0.94% to 1,597.06.

On the flip side, Nikkei 225 up 34.66 points or 0.17% to 20,654.85, Straits Times rose 7.36 points or 0.24% to 3,090.32.

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