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Asian markets trade mostly lower in early deals of Wednesday

27 Mar 2024 Evaluate
Most of the Asian markets traded lower in early deals of Wednesday, as investors went wary over the economic impact of the indefinite suspension of vessel traffic into and out of the Port of Baltimore, after a cargo ship crashed into a pillar of the Francis Scott Key Bridge yesterday. Local indices also saddled with the negative Wall Street overnight and on profit taking after previous sessional gains. Hang Seng dipped most among Asian indices. Bucking the trend, Japan’s Nikkei advanced in the session with the dovish BoJ cues and on weaker local currency yen.

Hang Seng down by 150.77 points 0.91% to 16,467.55, Jakarta Composite dipped by 23.08 points or 0.31% to 7,342.58, Shanghai Composite decreased by 19.58 points or 0.65% to 3,011.90, KOSPI Index lower 2.16 points or 0.08% to 2,754.93, and FTSE Bursa Malaysia KLCI declined by 5.00 points or 0.32% to 1,533.42.

On the flip side, Nikkei 225 up by 559.63 points 1.39% to 40,957.66, Straits Times added 27.33 points 0.84% to 3,260.66, and Taiwan Weighted rose 96.06 points or 0.48% to 20,222.55.

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