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Asian markets trade lower as Syria worries persist

04 Sep 2013 Evaluate

All the Asian equity indices were trading in the red in Wednesday’s morning deals on renewed worries over possible US military intervention in Syria. Risk appetite remained on the negative side after key congressional leaders John Boehner and Eric Cantor both pledged their support for military action to punish President Bashar al-Assad for his suspected use of chemical weapons against civilians. Meanwhile, the Nikkei average retreated from a near three-week high, hit by profit-taking after recent big gains, with many investors staying on the sidelines ahead of key events in coming days.

Shanghai Composite slipped 0.69 points or 0.03% to 2,122.42, Hang Seng dropped 86.22 points or 0.39% to 22,308.36, Jakarta Composite declined 78.63 points or 1.89% to 4,085.38, KLSE Composite contracted 8.14 points or 0.47% to 1,716.07, Nikkei 225 decreased 60.74 points or 0.43% to 13,917.70, Straits Times tumbled 31.85 points or 1.04% to 3,022.93, Seoul Composite dipped 0.89 points or 0.05% to 1,932.85 and Taiwan Weighted was down by 26.60 points or 0.33% to 8,061.77. 

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