Asian equity benchmarks traded in red in early deals on Monday, as the market sentiments got dulled with the sluggish US jobs weekly data and as investors side-lined with the US Federal Reserve’s hint about raising interest rate faster than market anticipated. Lingering concerns over surge in covid-19 cases also narrowed investments. Oil stocks, miners and financial sectors were mostly in lower note. Japan’s Nikkei tumbled more than 1000 points with the weak exporters and on weak cues from Wallstreet in the previous session. Most of the Global indices are sharply lower . Among the Asian markets, Japan, Hong Kong, Singapore, Indonesia, Taiwan, China, South Korea and Malaysia are in negative trend.
Nikkei 225 down by 1,068.42 points or 3.69 % to 27,895.66, Straits Times slipped 36.13 points or 1.15% to 3,108.03, Hang Seng dipped by 387.85 points or 1.35% to 28,413.42, KOSPI narrowed 35.03 points or 1.07% to 3,232.90, Jakarta Composite slipped by 43.32 points 0.72% to 5,963.80, Taiwan Weighted lower by 269.76 points or 1.56% to 17,048.78, Shanghai Composite curtailed by 7.93 points or 0.22% to 3,517.17 and FTSE Bursa Malaysia KLCI declined by 16.37 points 1.03% to 1,572.68.
