Most of the Asian equity indices are trading in the red in Thursday’s morning session following overnight drop in US and European equities on renewed concerns about global growth, which also weighed on commodities. Sentiments also remained fragile by a warning from Germany’s central bank that Europe’s debt crisis could continue for a decade. Meanwhile, Japanese Nikkei too was trading in the negative terrain, after witnessing a gain of over a percent in previous session, as stronger Yen against the dollar was putting pressure on the Japanese market, while Seoul shares fell in morning deals, as LG Display led a broad selloff of tech stocks on worries about slowing demand for Apple Inc’s products and a dour growth outlook for Intel.
Shanghai Composite dipped 3.60 points or 0.16% to 2,190.19, Hang Seng slipped 10.08 points or 0.05% to 21,559.59, Jakarta Composite declined 4.94 points or 0.10% to 4,993.71, KLSE Composite decreased 0.49 points or 0.03% to 1,710.48, Nikkei 225 dropped 26.72 points or 0.20% to 13,356.17, KOSPI Composite contracted 10.56 points or 0.55% to 1,913.28 and Taiwan Weighted was down by 1.08 points or 0.01% to 7,807.99.
On the flip side, Straits Times was up by 6.59 points or 0.20% to 3,298.05.
