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Asian markets trade mostly lower in early deals on Thursday

10 Aug 2023 Evaluate
Most of the Asian markets traded lower in early deals on Thursday, due to risk aversion in the market ahead to the release of US inflation data which will gauge the Federal Reserve’s further plans on monetary policy. Hang Seng subdued the most among Asian indices amid mounting fears over deflation in China followed by tepid factory-gate prices, and weak trade figures. Bucking the trend, Japan’s Nikkei rebounded with the advance in exports amid weaker local currency yen.

Straight times down by 6.69 points or 0.20% to 3,307.10, Hang Seng slipped by 183.58 points or 0.96% to 19,062.45, KOSPI dipped by 10.32 points or 0.40% to 2,594.80, Taiwan diminished by 194.47 points or 1.15% to 16,676.47, and Shanghai shrunk by 8.59 points or 0.27% to 3,235.90, and FTSE Bursa Malaysia KLCI lower by 4.84 points or 0.33% to 1,457.19.

On the flip side, Nikkei 225 up 219.92 points or 0.68% to 32,424.25, and Jakarta Composite rose by 13.70 points or 0.20% to 6,888.81.

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