Asian markets traded mixed in early deals on Tuesday, pressured by escalating geopolitical instability regarding the Iran conflict, volatile global crude oil prices, and upward pressure on Treasury yields. Participants side-lined in the session ahead of US chipmaker Nvidia's quarterly results. South Korea’s KOSPI marked a massive correction today, immediately after breaching the historic 8,000 mark for the first time in history. Sharp correction in semiconductor stocks dulled the indices.
Nikkei down by 177.95 points or 0.29% to 60,638.00, KOSPI Index plunged by 294.37 points or 3.92% to 7,221.67, Taiwan weighted tumbled by 606.61 points or 1.48% to 40,285.21, and Jakarta Composite fell by 171.18 points or 2.59% to 6,428.06,
On the flip side, Straits Times up by 34.94 points 0.70% to 5,031.69, Hang Seng rose by 96.82 points 0.38% to 25,772.00, Shanghai Composite increased by 0.93 points or 0.02% to 4,132.46, and FTSE Bursa Malaysia KLCI index lifted by 0.12 points or 0.01% to 1,727.83.
