Asian markets traded mostly lower in early deals of Tuesday, as the inflation fears spooked with the fresh escalation of the Middle East tensions and on soaring the crude oil rates. Stronger dollar and negative trend in Wall Street overnight saddled the local indices. Stock markets of Japan, China, and South Korea are closed for a holiday. Hang Seng plunged in the session amidst jitters about a prolonged period of instability with the reports of disrupted shipping activity and heightened risks to energy facilities in the Middle East
Hang Seng tumbled by 380.88 points 1.46% to 25,715.00, Straits Times down by 21.46 points 0.44% to 4,902.85, and FTSE Bursa Malaysia KLCI index slipped by 2.08 points or 0.12% to 1,737.69.
On the flip side, Taiwan weighted up by 122.05 points or 0.30% to 40,827.19, and Jakarta Composite rose by 64.55 points or 0.93% to 7,036.50.
