Asian stock markets are trading mostly in the red in Thursday morning deals, tracking weak cues from Wall Street where stocks declined overnight amid fears of a possible government shutdown next week. Moreover, sluggish trend was witnessed in most of the markets in the absence of any major trigger. Japanese markets made a decent pullback to trade in green after making gap-down start as yen lost some ground against the greenback. Moreover, sentiments also remained up-beat amid optimism that Prime Minister Shinzo Abe and the Bank of Japan will lead the country out of deflation.
Shanghai Composite declined 32.35 points or 1.47% to 2,166.17, Hang Seng decreased 101.31 points or 0.44% to 23,108.32, KLSE Composite shed 6.76 points or 0.38% to 1,777.30 and Taiwan Weighted was down by 74.93 points or 0.90% to 8,208.97.
On the flip side, Jakarta Composite surged 46.73 points or 1.06% to 4,453.50, Nikkei 225 rose 59.84 points or 0.41% to 14,680.37 and Seoul Composite was up by 7.51 points or 0.38% to 2,005.57.
