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Asian markets trade mostly lower in early deals

04 Jun 2013 Evaluate

Most of the Asian equity indices are trading in red in Tuesday’s morning deals led by Chinese Shanghai Composite which crumbled over a percent as investors continued selling on concerns about weak Chinese manufacturing data. However, Japanese Nikkei surged by about a percent as monthly wages rose by the most in a year in April. Monthly wages include overtime and bonuses, which rose 0.3 percent from a year earlier to 273,427 yen ($2,746).

Shanghai Composite tumbled 26.60 points or 1.16% to 2,272.65, Hang Seng slipped 62.71 points or 0.28% to 22,219.48, Jakarta Composite dropped 23.99 points or 0.48% to 4,947.37, Straits Times declined 12.80 points or 0.39% to 3,278.28, KOSPI Composite contracted 9.21 points or 0.46% to 1,980.36 and Taiwan Weighted was down by 6.58 points or 0.08% to 8,194.44.

On the flip side, KLSE Composite rose 2.62 points or 0.15% to 1,768.95 and Nikkei 225 was up by 121.23 points or 0.91% to 13,383.05. 

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