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Asian Markets trade mostly lower in early deals on Tuesday

20 Apr 2021 Evaluate
Most of the Asian equity benchmarks traded lower in early deals on Tuesday, as the market sentiments got dulled pressurised by the peaking covid cases around the globe dimming prospects for a swift economic rebound from the effects of pandemics and on profit taking after previous day gains. Japan’s Nikkei plunged in the session, seen to have fallen more than 600 points caught down with the negative trend in Wall Street overnight. The Nikkei index also got dulled with the weakness across all sectors as the government enhances their response to tackle the surging coronavirus cases, and on reports that authorities in Tokyo and Osaka are considering renewed curbs to stop the spread. Among the Asian markets, Japan, Singapore, Taiwan, Hong Kong, and Indonesia are in negative pace. However,  South Korea, China, and Malaysia are in higher note

Nikkei 225 tumbled by 620.73 points or 2.09% to 29,064.64, Straits Times decreased 1.48 points or 0.05% to 3,208.24, Hang Seng slipped by 0.42 points or 0.001% to 29,105.73, Taiwan Weighted dipped 3.18 points or 0.02% to 17,260.10 and Jakarta Composite curtailed by 50.73 points or 0.84% to 6,001.81.

On the flip side, KOSPI Index hiked by 11.15 points or 0.35% to 3,209.99 , Shanghai Composite widened by 10.05 points or 0.29% to 3,487.60, and FTSE Bursa Malaysia KLCI higher by 3.26 points 0.20% to 1,603.55.

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