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Asian markets trade mixed in early deals on Tuesday

19 Nov 2019 Evaluate

Asian equity benchmarks are trading mixed on Tuesday, amid doubt about the prospects of US- China trade deal. On the other hand, a new extension allowing US companies to continue doing business with Chinese telecoms giant Huawei Technologies Co, lifted investors’ sentiment. Japan's Nikkei is trading lower amid safe-haven yen strengthened despite the modest gains on Wall Street. Among the other Asian markets, Singapore, South Korea and Malaysia are trading lower. However, Indonesia, Hong Kong, Taiwan, and Shanghai are in positive lead. 

Nikkei 225 down 92.33 points 0.39% to 23,324.43, Straits Times dipped 22.18 points or 0.68% to 3,236.48, KOSPI Index dipped 8.72 points or 0.40% to 2,151.97 and FTSE Bursa Malaysia KLCI down 4.07 points or 0.25% to 1,600.29.

On the flip side, Hang Seng increased 226.10 points or 0.85% to 26,907.19, Taiwan Weighted widened 15.30 points or 0.13% to 11,615.08, Jakarta Composite up by 4.61 points or 0.08% to 6,127.24 and Shanghai lifted 13.41 points or 0.46% to 2,922.61.

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