Asian markets traded mostly lower in early deals of Tuesday, on account of woes over crude oil supply disruptions and subsequent inflation amidst looming US-Iran geopolitical tensions. Major Asian economies face slower growth and shrinking corporate profits with the surge in Middle Eastern crude prices. Japan’s Nikkei retreated from record highs with the profit taking and on negative global cues.
Nikkei down by 95.19 points or 0.15% to 65,063.00, Straits Times slipped by 11.29 points 0.22% to 5,059.26, Taiwan weighted dipped by 49.73 points or 0.11% to 43,594.67, Jakarta Composite narrowed by 56.67 points or 0.91% to 6,149.68, Shanghai Composite dropped by 21.79 points or 0.52% to 4,130.78, FTSE Bursa Malaysia KLCI index slipped by 3.90 points or 0.23% to 1,704.60.
On the flip side, Hang Seng up by 109.97 points 0.43% to 25,716.00 and KOSPI Index soared by 223.65 points or 2.85% to 8,071.36.
