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Asian Markets trade mixed in early deals on Thursday

05 Aug 2021 Evaluate
Asian equity benchmarks traded mixed in early deals on Thursday, amid lack of one sided strong cues. The continued worries over global economic health, accelerating covid cases , weaker than expected ADR jobs data and the sluggish oil rates dulled the market sentiments. Oil stocks are in negative pace. Japan’s Nikkei traded higher rebounding from previous sessional losses amid technical buying. Among the Asian stocks, Singapore, South Korea, Hong Kong, and Taiwan are in negative territory. Bucking the trend, Japan, Indonesia, China and Malaysia are trading higher.

Straits Times down by 6.70 points or 0.21% to 3,176.20, Hang Seng narrowed by 44.83 points or 0.17% to 26,381.72, Taiwan Weighted curtailed by 20.89 points or 0.12% to 17,603.00, KOSPI lower by 0.78 points or 0.02% to 3,279.60 .

On the flip side, Nikkei 225 up by 113.42 points or 0.41% to 27,697.50, Jakarta Composite hiked by 43.38 points 0.70% to 6,202.42, Shanghai Composite widened by 6.83 points or 0.20% 3,484.05 and FTSE Bursa Malaysia KLCI lifted by $1.37 points or 0.09% to 1,492.70.

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