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23-Aug2016

Asian markets exhibit mixed trend in early deals on Tuesday

Asian markets are exhibiting mixed trend in the early deals on Tuesday as oil prices fell and the US dollar weakened ahead of a key meeting of Federal Reserve officials and other central bankers later this week. The Japanese market rose despite the lackluster cues from Wall Street and the fall in crude oil as well as other commodity prices overnight. Among the other Asian markets, Hong Kong, Singapore, Indonesia and Malaysia are lower. Bucking the trend, Shanghai, South Korea and Taiwan are in positive territory.

Nikkei 225 added 42.80 points or 0.26% to 16,640.99, Shanghai Composite surged 6.70 points or 0.22% to 3,091.50, KOSPI Index jumped 5.88 points or 0.29% to 2,048.04, and Taiwan Weighted was up by 51.98 points or 0.58% to 9,033.79.

On the flip side, Jakarta Composite contracted 44.77 points or 0.82% to 5,382.40, Hang Seng dipped 73.41 points or 0.32% to 22,924.50, FTSE Bursa Malaysia KLCI slipped 3.07 points or 0.18% to 1,688.00, and Straits Times was down by 3.47 points or 0.12% to 2,837.72.


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