All the Asian equity indices were trading in the negative terrain in Tuesday’s morning deals as investors booked profits from recent strong rallies on worries that a potential political shake-up could disrupt the euro-zone’s efforts to resolve its debt crisis. Spain’s opposition party on Sunday called for Prime Minister Mariano Rajoy to resign over a corruption scandal, an allegation that Rajoy denies, pushing Spanish 10-year bond yields to six-week highs. Weak close on Wall Street overnight too dampened the investors’ sentiments.
Shanghai Composite declined 9.80 points or 0.40% to 2,418.35, Hang Seng tumbled 399.72 points or 1.69% to 23,285.29, Jakarta Composite dipped 11.12 points or 0.25% to 4,479.45, KLSE Composite slipped 2.60 points or 0.16% to 1,631.95, Nikkei 225 crumbled 160.87 points or 1.43% to 11,099.48, Straits Times dropped 22.98 points or 0.70% to 3,274.39, KOSPI Composite contracted 11.85 points or 0.61% to 1,941.36 and Taiwan Weighted was down by 41.05 points or 0.52% to 7,882.11.
