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Asian markets trade mostly lower in early deals on Thursday

19 Sep 2019 Evaluate

Most of the Asian equity benchmarks are trading lower on Thursday, with the lack of clarity on future monetary policy decisions after a widely anticipated interest rate cut by the US Federal Reserve. The traders were cautious as they eyed on the Bank of Japan's monetary policy decision which is due later today. Japan's Nikkei is trading higher with a weaker yen, and Shanghai is trading almost flat since morning. Among the other Asian markets, Hong Kong, South Korea, Indonesia, Singapore, and Malaysia are in negative territory. However, Nikkei and KOSPI are trading higher.

Straits Times dipped 2.86 points or 0.09% to 3,163.98, Hang Seng down 331.72 points or 1.24% to 26,422.40, Taiwan Weighted decreased 39.40 points or 0.36% to 10,890.05, Jakarta Composite lower by 25.11 points or 0.40% to 6,251.52, and FTSE Bursa Malaysia KLCI declined 5.03 points or 0.31% to 1,594.46.

On the flip side, Nikkei 225 up 101.62 points or 0.46% to 22,062.33, KOSPI Index increased 4.75 points or 0.23% to 2,075.48 and Shanghai flat at 2,985.66.


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