All the Asian equity benchmarks, barring KLSE Composite, are trading in the red terrain in early deals on Thursday, with investors indulging in some selling amid uncertainty about the outlook for the US and Federal Reserve’s stimulus program. Meanwhile, the Japanese stock market swung between gains and losses in the morning session, with a stronger yen. Among other markets in the Asia-Pacific region, Hong Kong, Indonesia, Singapore, South Korea and Taiwan, are all trading notably lower. Shanghai is trading modestly lower, while Malaysia is bucking the trend and is trading slightly higher.
Shanghai Composite slipped 2.65 points or 0.12% to 2,249.11, Hang Seng declined 75.23 points or 0.32% to 23,653.47, Jakarta Composite tumbled 44.97 points or 1.06% to 4,196.33, Nikkei 225 dipped 52.26 points or 0.34% to 15,355.68, Straits Times dropped 29.86 points or 0.94% to 3,130.84, Seoul Composite contracted 7.03 points or 0.35% to 1,979.77 and Taiwan Weighted was down by 41.37 points or 0.49% to 8,376.63.
On the flip side, KLSE Composite was up by 3.64 points or 0.20% to 1,825.54.
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