All the Asian equity markets are trading in the red in early deals on Thursday amid expectations the Federal Reserve may act sooner than later to unwind its stimulus after a provisional budget deal in Washington eased some of the fiscal drag on the US economy. Market participants will also be keeping an eye out for the possibility of a surprise move by the Fed next week at its final policy meeting for 2013 on December 17 and 18. Back on regional turf, Japanese Nikkei remained the top loser, declining over one and a half percent, while Seoul Composite, Taiwan Weighted and Jakarta Composite too tumbled significantly.
Shanghai Composite dipped 2.33 points or 0.11% to 2,201.84, Hang Seng dropped 122.16 points or 0.52% to 23,216.08, Jakarta Composite shed 43.47 points or 1.02% to 4,228.27, KLSE Composite contracted 5.60 points or 0.30% to 1,837.22, Nikkei 225 tumbled 257.84 points or 1.66% to 15,257.22, Straits Times decreased 7.04 points or 0.23% to 3,053.70, Seoul Composite contracted 12.88 points or 0.65% to 1,965.09 and Taiwan Weighted was down by 62.85 points or 0.75% to 8,370.92.
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