Snapping their two day’s rally, most of the Asian equity indices are trading under selling pressure on Thursday following decline on Wall Street overnight as doubt over the progress of U.S. budget talks set in. Moreover, Japanese markets, after out-performing for three straight days, witnessed some profit booking as the yen strengthened against all its 16 major counterparts. Investors also remained concern ahead of a policy decision at the Bank of Japan.
Shanghai Composite declined 11.21 points or 0.52% to 2,151.03, Hang Seng contracted 74.17 points or 0.33% to 22,549.20, Jakarta Composite tumbled 42.11 points or 0.98% to 4,233.74, KLSE Composite slipped 2.41 points or 0.14% to 1,663.23, Nikkei 225 dropped 62.33 points or 0.61% to 10,098.07 and Taiwan Weighted was down by 68.23 points or 0.89% to 7,609.24.
On the flip side, Straits Times was up 1.08 points or 0.03% to 3,159.65 and KOSPI Composite surged 4.88 points or 0.24% to 1,997.97.
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