Asian markets traded mostly lower in early deals on Friday, on risk aversion with the woes over possible interest rate hikes by central banks. Sharp sell-off in technological sector stocks saddled the local indices. Stock market of Hong Kong, Taiwan and China are closed for a holiday. South Korea’s KOSPI dipped in the session with the technical correction after strong rally in semiconductor stocks.
Straits Times down by 28.09 points 0.54% to 5,184.75, KOSPI Index slipped by 79.84 points or 0.88% to 8,984.00, Jakarta Composite dipped by 33.93 points or 0.55% to 6,138.41 and FTSE Bursa Malaysia KLCI index fell 9.76 points or 0.57% to 1,701.63.
On the flip side, Nikkei up by 114.51 points or 0.16% to 71,168.00.