MoneyWorks4Me

Asian markets trade lower in morning deals on Wednesday

13 Mar 2013 Evaluate

All Asian equity indices are trading in negative terrain as some investors locked in profits from the markets’ recent rally. Japanese Nikkei also declined by over quarter a percent after yen edged slightly higher as investors weighed reports that Japan’s main opposition party will vote against one of the government’s nominations for deputy governor of the country’s central bank.

Shanghai Composite tumbled 26.41 points or 1.16% to 2,260.19, Hang Seng declined 174.14 points or 0.76% to 22,716.46, Jakarta Composite slipped 9.42 points or 0.19% to 4,844.90, KLSE Composite dropped 10.50 points or 0.63% to 1,646.04, Nikkei 225 dipped 40.29 points or 0.33% to 12,274.52, Straits Times contracted 21.16 points or 0.64% to 3,281.86, KOSPI Composite decreased 3.32 points or 0.17% to 1,990.02 and Taiwan Weighted was down by 15.20 points or 0.19% to 7,979.51.