All the Asian equity markets are trading in the red terrain in early deals on Wednesday, tracking weak cues from Wall Street where the major indices ended lower overnight amid lack of fresh triggers. Meanwhile, Japanese Nikkei tumbled over a percentage point despite reporting better than expected core machinery orders. The country’s core machinery orders rose 0.6% in October from the previous month, as some demand ahead of a planned sales tax hike leveled off. The rise was squarely in line with the 0.6% rise expected by economists surveyed by The Wall Street Journal and the Nikkei. It also came after a 2.1% decline in September.
Shanghai Composite declined 25.61 points or 1.14% to 2,211.88, Hang Seng dropped 295.48 points or 1.24% to 23,448.71, Jakarta Composite dipped 10.04 points or 0.23% to 4,265.64, Nikkei 225 tumbled 214.80 points or 1.38% to 15,396.51, Straits Times shed 9.00 points or 0.29% to 3,072.72, KLSE Composite slipped 0.40 points or 0.02% to 1,843.45, Seoul Composite contracted 10.68 points or 0.54% to 1,982.77 and Taiwan Weighted was down by 20.77 points or 0.25% to 8,422.62.
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