MoneyWorks4Me

Asian markets exhibit mixed trend in early deals on Tuesday

26 Nov 2013 Evaluate

Asian equity indices are exhibiting mixed trend in early deals on Tuesday with investors mostly treading cautiously amid a lack of fresh triggers. The flat close on Wall Street overnight and profit booking by investors after recent gains are contributing to the sluggish trend in most of the markets in the region. Meanwhile, Japanese Nikkei was trading lower by over half a percent, as the yen strengthened against dollar. On the economic front, an index measuring corporate service prices in Japan was up 0.8 percent on year in October. That was shy of forecasts for an increase of 0.9 percent, but it was up from the 0.7 percent gain in each of the previous two months.

Shanghai Composite rose 0.28 points or 0.01% to 2,186.40, Hang Seng increased 50.84 points or 0.21% to 23,735.29, KLSE Composite jumped 2.67 points or 0.15% to 1,800.64, Seoul Composite added 3.47 points or 0.17% to 2,019.45 and Taiwan Weighted was up by 74.10 points or 0.91% to 8,261.61.

On the flip side, Jakarta Composite declined 38.60 points or 0.89% to 4,296.20, Nikkei 225 dropped 91.63 points or 0.59% to 15,527.50 and Straits Times was down by 0.37 points or 0.01% to 3,180.28.