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Asian markets trade mostly in the red on Tuesday

08 Jan 2013 Evaluate

Most of the Asian equity indices are trading in the red on Tuesday as investor remained cautious ahead of corporate earnings season for the last quarter of 2012 and the European Central Bank’s policy meeting later in the week. Japanese Nikkei remained the biggest loser among the regional peers losing about a percent as yen strengthened for the second straight day pressurizing the exporters. However, Jakarta Composite was the only index in the green, up by about 0.40 percent.

Shanghai Composite dipped 1.57 points or 0.07% to 2,283.80, Hang Seng declined 106.63 points or 0.46% to 23,223.12, KLSE Composite dropped 5.79 points or 0.34% to 1,688.37, Nikkei 225 tumbled 95.73 points or 0.90% to 10,503.28, Straits Times slipped 4.73 points or 0.15% to 3,213.53, KOSPI Composite decreased 9.48 points or 0.47% to 2,001.77 and Taiwan Weighted was down by 50.36 points or 0.65% to 7,704.73.

On the flip side, Jakarta Composite was up by 15.62 points or 0.36% to 4,408.00. 

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