Asian equity indices are exhibiting mixed trend in early deals on Friday with investors tracking a weak lead from Wall Street on concern about the Federal Reserve scaling back its stimulus program at its next meeting. Meanwhile, Japanese Nikkei share average declined by over half a percent in early deals, as US stock futures traded near five-week low after Wall Street shares had their biggest one-day drop since late June. Bucking the trend, Chinese benchmark was trading in fine fettle with a gain of over three percentage points.
Shanghai Composite surged 66.51 points or 3.19% to 2,148.39, Hang Seng strengthened by 122.66 points or 0.54% to 22,661.91, Seoul Composite added 2.23 points or 0.12% to 1,926.14 and Taiwan Weighted was up by 60.29 points or 0.76% to 7,947.55.
On the flip side, Jakarta Composite declined 72.11 points or 1.54% to 4,613.02, KLSE Composite slipped 2.26 points or 0.13% to 1,789.95, Nikkei 225 dropped 98.10 points or 0.71% to 13,654.84 and Straits Times was down by 14.71 points or 0.46% to 3,206.21.