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Asian markets trade mostly lower in early deals

19 Aug 2013 Evaluate

All the Asian equity indices, barring Japanese Nikkei, are trading in the red in morning deals on Monday following the weakness on Wall Street, while investors remained concerned on expectation that the US Federal Reserve will soon begin rolling back its stimulus programme. However, Japanese Nikkei was trading in the green despite figures showing Japan’s trade deficit had almost doubled as the weaker yen led to a surge in the cost of energy imports. Though, the data also showed that exports to the United States jumped 18.4 percent while those to the euro-zone were up 9.5 percent.

Shanghai Composite dipped 4.09 points or 0.20% to 2,064.36, Hang Seng slipped 38.37 points or 0.17% to 22,479.44, Jakarta Composite tumbled 175.38 points or 3.84% to 4,393.27, KLSE Composite decreased 2.52 points or 0.14% to 1,785.72, Straits Times shed 1.36 points or 0.04% to 3,196.17, Seoul Composite contracted 6.74 points or 0.35% to 1,913.37 and Taiwan Weighted was down by 18.12 points or 0.23% to 7,906.88.

On the flip side, Nikkei 225 was up by 43.59 points or 0.32% to 13,693.70.

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