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10-Oct2017

Asian markets exhibit mixed trade in the early deals on Tuesday

Asian equity indices are exhibiting mixed trade in early deals on Tuesday, after the rally on Wall Street took a breather overnight. Investors are awaiting trade data from China this week and keeping an eye on geopolitical risks centered on North Korea. Besides, Japan's Nikkei share average edged up in choppy trade after a three-day weekend as the weak yen supported sentiments, but Kobe Steel's shares were set to plunge after it said it had fabricated data. Among the other Asian markets, Indonesia, Shanghai, Singapore, and Malaysia are lower. Bucking the trend, Hong Kong and South Korea are higher. The markets in Taiwan are closed for the National Day holiday.

Shanghai Composite dropped 11.26 points or 0.33% to 3,363.12, FTSE Bursa Malaysia KLCI slipped 3.9 points or 0.22% to 1,760.13, Jakarta Composite dipped 3.13 points or 0.05% to 5,911.80, and Straits Times was down by 5.03 points or 0.15% to 3,286.53.

On the flip side, Nikkei 225 added 82.57 points or 0.4% to 20,773.28, Hang Seng gained 26.96 points or 0.1% to 28,353.55, and KOSPI Index was up by 43.29 points or 1.81% to 2,437.76.


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