Most of the Asian equity benchmarks are trading lower on Monday, as the optimism over last week's tentative trade truce between the US and China faded. The market sentiments dulled as investors sidelined as they awaited for earnings results from the big US banks this week. However, the Japanese market is notably higher as the market resumed trading after a long holiday weekend. Among the other Asian markets, Hong Kong, Indonesia, Shanghai, Singapore, and Malaysia are in negative territory. However, Taiwan, and South Korea are in positive lead.
Straits Times dropped 1.21 points or 0.04% to 3,123.24, Hang Seng dropped 15.67 points or 0.06% to 26,506.18, Jakarta Composite narrowed by 1.90 points or 0.03% to 6,124.98, Shanghai down 15.98 points 0.53% to 2,991.90, and FTSE Bursa Malaysia KLCI contracted 2.75 points or 0.18% to 1,564.84.
On the flip side, Nikkei 225 up 409.61 points 1.88% to 22,208.48, Taiwan Weighted rose 32.07 points or 0.29% to 11,099.02, KOSPI Index enlarged 1.88 points or 0.09% to 2,069.28.
