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Asian markets trade mixed in early deals on Tuesday

14 May 2013 Evaluate

The Asian markets are trading mixed in early deals on Tuesday, some of the indices have gained tailing the encouraging sign of retail sales from US which buoyed the earnings outlook of the exporters in the region. However, the Chinese market was trading marginally in red ahead of the FDI data to be released later in the day. On the otherhand the Hong Kong markets after reversing their last session’s fall in initial trade are once again trading in red. On the same time, the Japanese market was up in green with gain of a quarter percent despite the strength in yen against the dollar. Jakarta Composite was flat on speculation that Bank Indonesia will probably keep its benchmark interest rate at a record-low during a 15th meeting today.

Shanghai Composite was down by 35.04 points or 1.56% to 2,206.88, Hang Seng was lower by 52.38 points or 0.23% to 22,937.43 and Taiwan Weighted was down by 3.46 points or 0.04% to 8,244.47.

On the other hand, Jakarta Composite was up by 1 point to 5,054.65, KLSE Composite rose by 0.35 points to 1,788.19, Nikkei 225 was up by 22.05 points or 0.15% to 14,804.94, Straits Times added 10.39 points or 0.30% to 3,438.25 and KOSPI Composite gained 15.10 points or 0.77% to 1,963.17.

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