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Asian markets trade mixed in early deals on Tuesday

28 Nov 2023 Evaluate
Asian Markets traded mixed in early deals on Tuesday, pressured by the ambiguity over global economic health. Meanwhile, caution ahead to this week’s PMI readings from US, European and Chinese, inflation number from eurozone and US personal consumption numbers trimmed hefty moves from participants. Hang Seng is trading near its two-week low level, sliding for the third straight session amidst jitters over liquidity squeeze in China. Japan’s Nikkei also led negative trend tracking losses from Wall Street overnight. While, investors also closely eyed on Japan’s retail sales and industrial production data release which is due on Thursday, followed by the unemployment rate on Friday.

Nikkei 225 down by 32.79 points 0.10% to 33,414.88, Straits Times slipped 11.72 points or 0.38% to 3,074.70, Hang Seng dipped 105.64 points 0.61% to 17,419.42, and FTSE Bursa Malaysia KLCI curtailed by 0.88 points or 0.06% to 1,447.27.

On the flip side, KOSPI Index increased 17.85points or 0.72% to 2,513.51, Taiwan Weighted up 202.59 points or 1.18% to 17,340.01, Jakarta Composite climbed by 29.55 points or 0.42% to 7,042.96, Shanghai Composite added by 3.10 points or 0.10% to 3,034.80.

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