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Asian markets trade mostly lower in Friday’s morning deals

20 Sep 2013 Evaluate

Of the few Asian equity counters that were trading, mostly were in the negative terrain in Friday’s morning deals as investors remained cautious after the previous session’s strong up-move. With the euphoria over the Federal Reserve’s decision to maintain the pace of its economic stimulus waning a bit, a section of investors are busy taking some profits. Japanese markets were trading slightly in the red with investors treading cautiously amid doubts about the near-term outlook for the market after Thursday’s sharp up-move.

Jakarta Composite declined 56.02 points or 1.20% to 4,614.71, Nikkei 225 slipped 26.65 points or 0.18% to 14,739.53 and Straits Times was down by 10.87 points or 0.33% to 3,240.91.

On the flip side, KLSE Composite was up by 9.36 points or 0.52% to 1,802.27.

Markets in China, Hong Kong, South Korea and Taiwan remained closed for the trade on public holidays. 

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