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Asian markets slump in early deals

13 Jun 2013 Evaluate

Extending their southbound journey, all the Asian equity indices are trading with a massive cut of 1-5 per cent in Thursday’s morning deals tracking weak overnight cues from the US. Sentiments got clobbered after Japanese Nikkei declined over four and a half percent, dipping to levels seen before the central bank's sweeping monetary policy stimulus in early April, as the yen rebounded, sending shares of exporters tumbling.

Shanghai Composite slumped 68.09 points or 3.08% to 2,142.81, Hang Seng tumbled 572.49 points or 2.68% to 20,782.17, Jakarta Composite declined 78.17 points or 1.66% to 4,619.72, KLSE Composite dropped 19.50 points or 1.10% to 1,755.62, Nikkei 225 crumbled 600.37 points or 4.52% to 12,688.95, Straits Times decreased 47.14 points or 1.49% to 3,106.34, KOSPI Composite contracted 21.02 points or 1.10% to 1,888.89 and Taiwan Weighted was down by 128.17 points or 1.58% to 7,987.98.

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