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Asian markets trade mostly lower in early deals on Thursday

06 Apr 2023 Evaluate

Asian markets were trading mostly lower on Thursday, following the mixed cues from global markets overnight, amid concerns about the economic outlook following the release of some disappointing economic data which reignited fears of a recession. Traders now looked ahead to the release of the closely watched US monthly jobs report for further cues. The Japanese stock market were significantly lower, extending the losses in the previous session, with weakness across most sectors, led by technology stocks, which mirrored their peers on the tech-heavy Nasdaq.

Asian markets are trading mostly in red; Nikkei 225 slipped 367.65 points or 1.34% to 27,445.61, Taiwan Weighted lost 55.17 points or 0.35% to 15,812.89, KOSPI dropped 23.45 points or 0.95% to 2,471.76, Straits Times fell 16.59 points or 0.5% to 3,302.28, Jakarta Composite plunged 14.77 points or 0.22% to 6,804.91 and Shanghai Composite was down by 1.48 points or 0.04% to 3,311.08, while Hang Seng advanced 24.33 points or 0.12% to 20,298.92.

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