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Asian markets trade mostly lower in early deals on Tuesday

28 Jul 2026 Evaluate
Asian markets traded mostly lower in early deals on Tuesday, pressured by hefty losses in tech stocks, growing doubts about artificial intelligence spending, and caution ahead of the US Federal Reserve's interest rate decision. Besides, crude oil prices continued their downward trajectory following statements from US President Donald Trump that the US has reconvened diplomatic negotiations with Iran to resolve the Middle East conflict. South Korea’s KOSPI plunged to an over three-month low, as a deepening global semiconductor selloff battered heavyweight chipmakers. Meanwhile, Japan’s Nikkei tumbled to a two-month low with the loss in export-oriented business pressured by the firmness in local currency yen.

Nikkei tumbled by 2,491.19 points or 3.84% to 62,440.00, Hang Seng down by 15.18 points or 0.06% to 25,192.00, Straits Times dipped by 11.78 points or 0.21% to 5,608.46, KOSPI Index declined by 651.35 points or 9.64% to 6,104.40,Taiwan weighted narrowed by 1,758.28 points or 4.03% to 41,875.91, Shanghai Composite shrunk by 46.52 points or 1.22% to 3,811.73.  and FTSE Bursa Malaysia KLCI index slipped by 0.24 points or 0.01% to 1,712.85.

On the flip side, Jakarta Composite added 4.99 points or 0.08% to 6,190.77,

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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