Asian markets traded in red in early deals on Wednesday, as the upbeat US jobs data, soaring Treasury bond yield notes, oil price rally and firming dollar spurred fears about more hawkish stance by Federal Reserve. Investor sentiments also dulled with the woes over China’s weak economic recovery with the wilting property market. Stock market of China is still closed for National Day holiday. Japan’s Nikkei tumbled with the negative global indices overnight and as local currency yen bounced back unexpectedly.
Nikkei 225 down 496.53 points 1.59% to 30,741.41, Straits Times slipped 44.82 narrowed or 1.40% to 3,147.53, Hang Seng narrowed 179.61 points or 1.05% to 17,151.61, Taiwan Weighted curtailed 179.70 points or 1.09% to 16,274.64, KOSPI Index decreased 52.52 points or 2.13% to 2,412.55, Jakarta Composite slipped by 59.78 points or 0.86% to 6,881.11 and FTSE Bursa Malaysia KLCI diminished 5.16 points or 0.36% to 1,414.85.
