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25-Sep2018

Asian markets exhibit mixed performance in early deals

Asian markets are exhibiting mixed trend in early deals on Tuesday, following the mostly negative lead overnight from Wall Street amid rising U.S.-China trade tensions and as investors looked ahead to the Federal Reserve's monetary policy decision due on September 25. The Fed is widely expected to raise interest rates by another quarter point. The Japanese market is modestly higher after falling in early trade following the mostly negative cues from Wall Street. Investors are cautious after the market's six straight days of gains previously and as they awaited the outcome of Japan's trade talks with the U.S. On the economic front, members of the Bank of Japan's monetary policy meeting said that Japan's economic expansion is continuing at an acceptable pace, minutes from the bank's meeting on July 30 and 31 has revealed. The Bank of Japan said that producer prices in Japan were up 1.3 percent on year in August, exceeding expectations for an increase of 1.1 percent, which would have been unchanged from the July reading. Meanwhile, the markets in Hong Kong and South Korea are closed today. Among the other Asian markets, Singapore is higher. On the other hand, Taiwan, Indonesia and Shanghai are higher. 

Taiwan Weighted slipped 1.51 points or 0.01% to 10,970.90, Jakarta Composite decreased 25.94 points or 0.44% to 5,856.28 and Shanghai Composite was down by 21.15 points or 0.76% to 2,776.33.

On the flip side, Nikkei 225 increased 35.34 points or 0.15% to 23,905.27 and Straits Times was up by 12.69 points or 0.39% to 3,231.85.


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