Most of the Asian markets traded lower in early deals on Wednesday, on account of risk aversion ahead to release of Federal Reserve monetary policy meeting minutes. Ambiguity over global economic growth amid continued interest rate hike by central banks around the globe and the renewed Sino-US geopolitical tensions also pressured investor sentiments. Japan’s Nikkei extended previous sessional losses as participants digested slower than expected services activity growth for June.
Nikkei 225 down 141.23 points or 0.42% to 33,281.29, Straight times dipped by 14.61 points or 0.46% 3,189.16, Hang Seng diminished by 268.31 points or 1.40% to 19,147.37, KOSPI curtailed by 10.18 points or 0.39% to 2,583.13, Taiwan reduced by 66.85 points or 0.39% to 17,073.92, Shanghai slipped by 16.67 points or 0.52% to 3,228.68 and FTSE Bursa Malaysia KLCI narrowed by 1.74 points or 0.13% to 1,394.23.
On the flip side, Jakarta Composite up by 24.15 points or 0.36% to 6,705.90.
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