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Asian markets trade mostly lower in early deals on Wednesday

23 Oct 2019 Evaluate

Most of the Asian equity benchmarks are trading lower on Wednesday, following negative cues from Wall Street overnight amid disappointing earnings data from big corporates. Moreover, market sentiments were dulled as developments on Brexit overnight meant the deadline for the UK to leave the EU would likely be delayed again. Japan's Nikkei, which resumed trading after a holiday in the previous session, is modestly higher. Among the other Asian markets, Singapore, Hong Kong, Taiwan, South Korea, Indonesia, Shanghai and Malaysia are in negative pace.  However, Japan is trading higher.

Straits Times down 20.65 points or 0.65% to 3,140.02, Hang Seng decreased 251.03 points or 0.94% to 26,535.17, Taiwan Weighted dipped 56.56 points or 0.50% to 11,214.69, KOSPI Index diminished 9.85 points or 0.47% to 2,079.01, Jakarta Composite dipped by 1.53 points or 0.02% to 6,223.97, Shanghai narrowed 9.02 points 0.31% to 2,945.36 and FTSE Bursa Malaysia KLCI contracted 9.10 points or 0.58% to 1,564.99.

On the flip side, Nikkei 225 up 24.50 points 0.11% to 22,573.40.

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