Most of the Asian markets traded in red in early deals on Monday, as the market sentiments got dulled with the uncertainty in ending Russia-Ukraine war and on concerns surrounding economic ramifications associated with the continued geo-political tensions. Meanwhile, investors cautiously watched to see if Russia can meet interest repayments this week. The country is to pay $615 million in coupons this month while on April 4, a $2 billion bond comes due. Additionally, US Federal Reserve’s more aggressive stance to tackle the surging inflation also side-lined hefty funding. Stock market of Japan is closed for Vernal Equinox holiday. Shanghai stocks subdued in the session followed by the record surge in covid-19 infections, and on negative global cues. The mainland China had reported 132,226 cases with confirmed symptoms, both among locals and arrivals from outside.
Hang Seng down by 23.87 points or 0.11% to 21,388.53, KOSPI dipped by 16.27 points or 0.60% to 2,690.75, Jakarta Composite slipped by 14.64 points or 0.21% to 6,940.33, Shanghai diminished by 1.85 points or 0.06% to 3,249.22 and FTSE Bursa Malaysia KLCI lower by 3.72 points or 0.23% to 1,587.54.
Bucking the trend, Straight times rose by 5.93 points or 0.18% to 3,336.56, and Taiwan up by 108.75 points or 0.62% to 17,565.27.
