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Asian markets trade in red in early deals on Wednesday

06 Sep 2023 Evaluate

Asian markets traded in red in early deals on Wednesday, as the market sentiments dulled with the sluggish Eurozone business activity and subdued Chinese service data. Moreover, rising oil prices and tumbling US Treasury yield notes also saddled investor confidence. Hang seng slipped the most among Asian indices as the participants remained sidelined ahead to China's inflation numbers and trade performance on Thursday and Friday. Bucking the trend, Japan’s Nikkei extended gaining streak to eighth straight session, boosted by the investment inflow amidst weaker local currency yen.

Straight times dipped by 3.76 points or 0.12% to 3,223.07, Hang Seng declined by 150.67 points or 0.82% to 18,306.24, Taiwan narrowed by 7.76 points or 0.05% to 16,783.85 KOSPI curtailed by 15.69 points or 0.61% to 2,566.49, and Shanghai slipped by 10.75 points or 0.34% to 3,143.62.

On the flip side, Nikkei 225 up 155.55 points or 0.47% to 33,192.31, Jakarta Composite rose by 11.52 points or 0.16% to 7,003.23, and FTSE Bursa Malaysia KLCI added 5.43 points or 0.37% to 1,460.26.

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