Asian markets traded mostly lower in early deals on Wednesday, saddled by the risk aversion in the market with the geopolitical trade tensions stemming from US tariff threats over Greenland. Sharp sell offs in technical and financial sector stocks with profit booking pressured the indices. Japan’s Nikkei dipped followed by soaring Japanese government bond (JGB) yields, driven by fiscal uncertainty and spending plans.
Nikkei 225 down by 182.10 points or 0.34% to 52,809.00, Straits Times dipped by 19.97 points or 0.41% to 4,808.03, Hang Seng lower by 9.51 points 0.04% to 26,478.00, Taiwan weighted narrowed by 556.20 points or 1.75% to 31,203.79, KOSPI Index decreased by 4.05 points or 0.08% to 4,881.70, Jakarta Composite curtailed by 113.21 points 1.24% to 9,021.49
On the flip side, Shanghai Composite up by 10.82 points or 0.26% to 4,124.47, and FTSE Bursa Malaysia KLCI index rose by 2.97 points or 0.17% to 1,702.03.
