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Asian markets trade mostly lower in early deals on Tuesday

10 Dec 2019 Evaluate

Most of the Asian equity benchmarks are trading lower on Tuesday, as investors’ sentiment weighed after the release of Chinese inflation data indicating a surge in consumer prices in November. The lingering uncertainty about a trade deal between the US and China before the next round of tariffs on Chinese goods set to take effect on December 15, also pressured investors' outlook. Meanwhile, the trading activity was muted ahead of a mid-week policy update from the Federal Reserve and a UK general election that could roil markets. Japan's Nikkei is in negative trend. Among the Asian markets, Hong Kong, Taiwan, Indonesia, Taiwan, Shanghai, and Malaysia are in negative note. However, Singapore, and South Korea is trading up.

Nikkei 225 down 11.62 points 0.05% to 23,419.08, Hang Seng dipped 23.15 points or 0.09% to 26,471.58, Taiwan Weighted decreased 46.95 points or 0.40% to 11,613.82, Jakarta Composite contracted by 3.15 points or 0.05% to 6,190.64, Shanghai slipped 5.89 points or 0.20% to 2,908.59 and FTSE Bursa Malaysia KLCI diminished by 1.46 points or 0.09% to 1,561.25.

On the flip side, Straits Times up 1.71 points or 0.05% to 3,181.53 and KOSPI Index widened 6.41 points or 0.31 % to 2,095.06.
 

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