Most of the Asian equity indices are trading in the red on Thursday as investors opted for a cautious approach ahead of the Chinese GDP numbers announcement tomorrow. Though, most of the markets in the region opened on a fairly bright note, but gave up most of their early gains due to strong resistance at higher levels. Japanese Nikkei too traded in the red in morning deals after an index measuring tertiary industry activity in Japan was down a seasonally adjusted 0.3 percent on month at 99.1 in November. That missed forecasts for an increase of 0.1 percent following the 0.1 percent contraction in October.
Shanghai Composite declined 25.55 points or 1.11% to 2,283.95, Hang Seng dropped 86.04 points or 0.37% to 23,270.95, KLSE Composite slipped 0.07 points to 1,682.88, Nikkei 225 tumbled 142.56 points or 1.34% to 10,457.88, Straits Times contracted 13.96 points or 0.44% to 3,194.54, KOSPI Composite decreased 8.87 points or 0.45% to 1,968.58 and Taiwan Weighted was down by 27.59 points or 0.36% to 7,672.84.
On the flip side, Jakarta Composite was up by 6.35 points or 0.14% to 4,417.32.
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