Asian markets traded mostly lower in early deals on Friday, pressured by the hefty correction in technological and artificial-intelligence sector stocks. Rising Brent crude oil rates amidst escalating geopolitical tensions in Middle East dulled investor sentiments. Japan’s Nikkei fell in the session with the decline in export-oriented business with the strength in local currency yen. Stock market of Taiwan is closed today.
Nikkei down by 447.84 points or 0.71% to 62,460.00, Straits Times dipped by 2.30 points or 0.04% to 5,412.84, KOSPI Index reduced by 35.89 points or 0.65% to 5,497.88, Shanghai Composite shrunk by 6.34 points or 0.17% to 3,651.69, and FTSE Bursa Malaysia KLCI index narrowed by 3.05 points or 0.19% to 1,605.09.
On the flipside, Hang Seng up by 157.32 points or 0.69% to 23,092.00, and Jakarta Composite rose by 58.83 points or 1.08% to 5,446.74.