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Asian markets trade mixed in early deals

17 Jul 2013 Evaluate

Asian equity indices are exhibiting mixed trend in early deals on Wednesday as dealers in region waited to hear US Federal Reserve chief Ben Bernanke’s views on the future of the bank’s stimulus programme. Chinese benchmark Shanghai Composite edged lower by about half a percent led by selling of property stocks, however, the losses remained capped as fresh foreign direct investment figures in China appeared to show multinationals haven’t given up on the world’s second-largest economy. FDI rose 20.1 per cent in June from the prior year, against forecasts of a mild 0.7 per cent gain.

Shanghai Composite declined 7.32 points or 0.35% to 2,058.40, KLSE Composite slipped 0.14 points or 0.01% to 1,786.25, Nikkei 225 shed 64.70 points or 0.44% to 14,534.42, Straits Times decreased 7.42 points or 0.23% to 3,217.54 and Taiwan Weighted was down by 31.77 points or 0.38% to 8,228.34.

On the flip side, Hang Seng rose 43.52 points or 0.20% to 21,355.90, Jakarta Composite increased 24.31 points or 0.52% to 4,668.35 and Seoul Composite was up by 24.21 points or 1.30% to 1,890.57.

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