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Asian markets trade mostly lower in early deals on Tuesday

17 Mar 2020 Evaluate

Most of the Asian equity benchmarks are trading lower in early deals on Tuesday, followed by the overnight crash on Wall Street amid fears on COVID-19 pandemic. The US market registered highest volatility since 2008 financial crisis despite coordinated efforts by central banks. However, Japan's Nikkei is advancing though it opened lower, with the investors eyeing on the final January data for industrial production to be released today. Among the Asian markets, Singapore, South Korea, Taiwan, Indonesia and Malaysia are trading weaker. However, Japan, Hong Kong and Shanghai are in positive note.

Straits Times dipped 9.25 points or 0.37% to 2,486.63, Taiwan Weighted declined 257.95 points or 2.65% to 9,459.82, KOSPI Index diminished 23.59 points or 1.38% to 1,691.27, Jakarta Composite slipped by 215.68 points or 4.60% to 4,474.98 and FTSE Bursa Malaysia KLCI narrowed 4.80 points or 0.37% to 1,275.83

On the flip side, Nikkei 225 up 147.55 points or 0.87% to 17,149.59, Hang Seng rose 242.91 points or 1.05% to 23,306.48 and Shanghai lifted by 0.75 points or 0.03% to 2,790.00.

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