Most of the Asian markets have made a soft start; Chinese market was under pressure due to earnings report, the Shanghai Composite has dropped 1.5 percent this week, heading for its first decline in four weeks, while the Japanese market was marginally in red despite yen weakness. The yen has slipped to a four-month low on report showing Japan’s consumer prices declined for a fifth month adding to prospects the central bank will expand monetary easing next week. Meanwhile, the statistics bureau reported that Japan’s consumer prices excluding fresh food fell 0.1 percent in September from a year earlier.
Shanghai Composite plunged by 26.30 points or 1.25% to 2,115.82, Hang Seng lost 141.79 points or 0.65% to 21,668.44, Nikkei 225 declined by 12.84 points or 0.14% to 9,042.36, Kospi Composite fell by 21.18 points or 1.12% to 1,903.03 and Taiwan Weighted was down by 70.08 points or 0.94% to 7,196.67.
Indonesian Jakarta Composite, Malaysia’s KLSE Composite and Singapore’s Straits Times remained closed on account of public holiday.
