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Asian markets trade mixed in early deals on Thursday

08 Dec 2022 Evaluate
Asian markets traded mixed in early deals on Thursday, as the investor sentiments receded with the fears over global economic slowdown and woes over interest rate tightening outlook ahead of next week's US Fed monetary policy meeting. Japan's Nikkei traded negative registering its lowest level in a month amid sluggish global cues. Japan’s economy shrunk less than expected in the third quarter, albeit the country’s current account unexpectedly turned to deficit in October. Bucking the trend, Shanghai stocks picked up in the session as the traders are optimistic after China scaled back nationwide Covid restrictions further, against recession fears.

Nikkei 225 down by 115.90 points or 0.42% to 27,570.50, Taiwan narrowed by 54.11 points or 0.37% to 14,575.90, KOSPI curtailed by 19.12 points or 0.80% to 2,363.69, and Jakarta Composite shrunk by 66.28 points or 0.97% to 6,752.47.

On flip side, Straight times up by 10.50 points or 0.33% to 3,235.95, Hang Seng lifted by 526.50 points or 2.80% to 19,341.32, Shanghai jumped by 4.34 points or 0.14% to 3,203.96, and and FTSE Bursa Malaysia KLCI rose by 0.10 points or 0.01% to 1,466.98.

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