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Asian markets trade mostly lower in early deals on Tuesday

20 Oct 2020 Evaluate
Most of the Asian equity benchmarks are trading lower on Tuesday, as the investors went cautious with the talk of a last-ditch effort to strike a deal by US lawmakers on a fresh round of fiscal relief before the 2020 presidential elections. Investor sentiments also dulled with the record daily coronavirus infections in Europe. Oil shares are in weaker note after crude oil prices inched lower overnight. Japan’s Nikkei, is in negative trend retreating from previous session gains as exporting got mixed despite weaker yen. Among the Asian markets, Japan, Singapore, Hong Kong, Taiwan, South Korea, Indonesia and Malaysia are in negative mode. Bucking the trend, China is in upward trend.

Nikkei 225 down by 145.61 points, 0.62% to 23,525.52, Straits Times dipped by 17.10 points 0.67% to 2,526.47, Hang Seng narrowed by 56.62 points or 0.23% to 24,485.64, Taiwan Weighted curtailed 30.64 points 0.24% to 12,877.70, KOSPI Index slipped 6.05 points or 0.26% to 2,340.69, Jakarta Composite decreased by 19.64 points or 0.38% to 5,106.69 and FTSE Bursa Malaysia KLCI diminished by 1.52 points or 0.10% to 1,516.59.

On the flip side, Shanghai Composite up by 3.45 points or 0.10% to 3,316.12.

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