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Weak global cues drag Asian markets lower in early deals

12 Jun 2013 Evaluate

Pressurized by global weakness, all the Asian equity indices were trading in the red in Wednesday’s morning trades. US stocks slipped in a volatile session while European shares fell to six-week lows overnight. Back on regional turf, Japanese stocks tumbled by over one and a half per cent, joining a global selloff in equities and commodities as investors were rattled by the absence of fresh steps from the Bank of Japan to calm turbulence in the domestic bond market. 

Jakarta Composite declined 68.77 points or 1.49% to 4,541.18, KLSE Composite dropped 11.40 points or 0.64% to 1,768.17, Nikkei 225 tumbled 215.03 points or 1.61% to 13,102.59, Straits Times slipped 7.81 points or 0.25% to 3,162.57 and KOSPI Composite was down by 8.21 points or 0.43% to 1,912.47.

Markets in China, Hong Kong and Taiwan remained shut for the trade today. 

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