Asian markets traded mostly lower in early deals on Monday, saddled by hefty sell-offs in technological sector stocks following negative cues in Wall Street's semiconductor index and growing global anxieties over high AI spending costs. Investor sentiments dulled amidst prolonged high interest rates, soaring crude oil rates and renewed geopolitical tensions in the Middle East. Additionally, regional sentiment remained dull due to a stark warning from MSCI regarding a potential downgrade of Indonesia's market status, triggering localized capital flight risks. Stock market of Hong Kong is closed for Chung Yeung Day.
Nikkei 225 fell by 473.29 points or 0.72% to 64,851.00, Taiwan Weighted rose by 478.54 points or 1.02% to 46,636.23, Jakarta Composite down by 263.12 points or 5.07% to 4,921.99, Shanghai Composite higher by 0.58 points or 0.02% to 3,715.70 and FTSE Bursa Malaysia KLCI index curtailed by 13.56 points or 0.84% to 1,594.20.
On the flipside, Straits Times up by 19.50 points or 0.36% to 5,435.03, KOSPI Index rose by 42.34 points or 0.75% to 5,710.39.
