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Asian markets mostly trade lower in early deals on Monday

27 Mar 2023 Evaluate
Most of the Asian markets were trading in red in early deals on Monday following caution of ongoing banking crisis in the United States and Europe, while International Monetary Fund chief also warned increased risk of financial stability. Although, Japanese markets are modestly higher following the positive close on Wall Street last Friday, despite reports that Japanese producer prices in Japan were up 1.8 percent on year in February that exceeded expectations for an increase of 1.5% and was up from 1.6% in the previous month. 

Hang Seng down by 169.73 points or 0.85% to 19,745.95, Taiwan diminished by 84.39 points or 0.53% to 15,830.31, KOSPI dipped by 3.74 points or 0.15% to 2,411.22, Jakarta Composite diminished by 37.48 points or 0.56% to 6,724.77, and Shanghai curtailed by 18.05 points or 0.55% to 3,247.60.

On the flip side, Nikkei 225 lifted by 121.71 points or 0.44% to 27,506.96, Straight times enlarged by 32.25 points or 1% to 3,244.89, and FTSE Bursa Malaysia KLCI up by 1.25 points or 0.09% to 1,400.95.

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