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Asian markets trade mixed in early deals on Monday

16 Sep 2019 Evaluate

Asian equity benchmarks are trading mixed on Monday, as global crude futures surged following the multiple drone attacks over the weekend on Saudi Arabian oil facilities. The negative cues from Wall Street amid accelerated fears on slowdown in global economic growth also dulled market sentiments. Stock markets of Japan & Malaysia are closed for a holiday. Among the other Asian markets, Taiwan, South Korea, and Shanghai are advancing. Bucking the trend, Indonesia, Hong Kong, and Singapore are in easing trend

Taiwan Weighted up 61.66 points or 0.57% to 10,889.21, KOSPI Index increases 7.96 points or 0.39% to 2,057.16, and Shanghai rose 3.17 points 0.10% to 3,034.41.

On the flip side, Jakarta Composite lower by 105.09 points or 1.66% to 6,229.75, Straits Times down 0.53 points or 0.02% to 3,210.96, and Hang Seng diminish 273.53 points or 1.00% to 27,079.16.