Asian markets traded mixed in early deals on Tuesday, pressured by lingering woes regarding regional conflict and disruptions to energy routes. Market participants were also cautious on sustainability of the AI-fuelled technology rally. Risk aversion prevailed amidst uncertainty after Donald Trump's statement on Iran-US talks regarding the Strait of Hormuz. Japan’s Nikkei dipped for a second consecutive session, as the yen surged following a rare joint currency intervention by Tokyo and Washington.
Nikkei down by 214.90 points or 0.34% to 63,540.00, Hang Seng dipped by 105.40 points or 0.41% to 25,904.00, Taiwan weighted dripped by 170.99 points or 0.39% to 43,215.42, and KOSPI Index wilted by 74.13 points or 1.20% to 6,183.32.
On the flip side, Straits Times up by 14.25 points or 0.25% to 5,626.53, Jakarta Composite rose by 38.13 points or 0.61% to 6,272.63, Shanghai Composite higher by 7.98 points or 0.21% to 3,817.64 and FTSE Bursa Malaysia KLCI index lifted by 4.42 points or 0.26% to 1,730.15.
