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Asian markets trade lower in early deals

03 Feb 2014 Evaluate

All the Asian equity benchmarks, which opened for the trade today, are trading in the red in early deals on Monday, as sentiments remained dampened on weak cues from Wall Street, while a slump in Chinese factory growth too hurt investors’ confidence. The Japanese market declined sharply with investors indulging in heavy selling almost across the board on weak global cues and a stronger yen. Among other markets in the Asia-Pacific region, Singapore, South Korea and Indonesia were trading notably lower. Markets in Shanghai, Hong Kong, Malaysia and Taiwan remained closed for Lunar New Year holidays.

Jakarta Composite dropped 25.89 points or 0.59% to 4,392.87, Nikkei 225 declined 186.11 points or 1.25% to 14,728.42, Straits Times decreased 30.97 points or 1.02% to 2,996.25 and Seoul Composite was down by 21.53 points or 1.11% to 1,919.62.  

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