All the Asian equity indices are trading in the red terrain in Tuesday’s morning deals with some of them declining near their two week low, as sentiments remained somber on speculation that better than expected service industry data will lead the Fed to trim its economic stimulus. Meanwhile, Hong Kong benchmark remained the biggest loser, shedding over one and a half percent on the back of disappointing first-half earnings from HSBC. Japanese Nikkei too dropped around half a percent, as strengthening Yen weighed on exporter shares. The US dollar slipped 0.3% to 97.950 yen after the previous session’s 0.7% decline, its biggest one-day fall in a week. It was not far from a five-week low of 97.585 yen touched on July 31.
Shanghai Composite slipped 3.37 points or 0.16% to 2,047.11, Hang Seng tumbled 344.81 points or 1.55% to 21,877.20, KLSE Composite dipped 4.78 points or 0.27% to 1,780.36, Nikkei 225 dropped 66.99 points or 0.47% to 14,191.05, Straits Times shed 25.16 points or 0.78% to 3,216.63, Seoul Composite decreased 12.62 points or 0.66% to 1,903.60 and Taiwan Weighted was down by 90.18 points or 1.11% to 8,048.45.
