All the Asian equity indices, barring Taiwan Weighted, are trading in negative terrain after US equities lost ground overnight amid concerns the Federal Reserve may taper its bond purchases. The Japanese market too was trading in red ahead of Prime Minister Shinzo Abe’s speech on his economic-growth strategy, however the losses remain capped after dollar’s rebound above 100 yen.
Shanghai Composite slipped 3.47 points or 0.15% to 2,268.95, Hang Seng declined 182.33 points or 0.82% to 22,103.19, Jakarta Composite dropped 41.38 points or 0.82% to 4,980.23, Nikkei 225 decreased 55.15 points or 0.41% to 13,478.61, KLSE Composite dipped 0.25 points or 0.01% to 1,776.49, Straits Times contracted 24.19 or 0.73% to 3,267.16 and KOSPI Composite was down by 19.86 points or 1.00% to 1,969.65.
On the flip side, Taiwan Weighted was up by 12.85 points or 0.16% to 8,204.07.
