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24-Nov2017

Asian markets mostly lower in early deals on Friday

Most of the Asian equity benchmarks hovered below their 10-year peak in the early deals on Friday while investors viewed Chinese shares with caution after their big fall on the previous day and in the absence of overnight cues from Wall Street.  Japanese market also edged lower amid stronger yen, which resumed trading following the Labor Thanksgiving Day holiday on Thursday. Among the other Asian markets, China, Malaysia, Indonesia and Taiwan are higher. Bucking the trend, Singapore, Hong Kong and South Korea is in positive territory.

Nikkei 225 edged down 6.01 points or 0.03% to 22,517.14, Shanghai Composite trimmed 19.64 points or 0.59% to 3,332.28, Taiwan Weighted lower 1.88 points or 0.02% to 10,852.69, FTSE Bursa Malaysia KLCI dipped 5.14 points or 0.3% to 1,716.13 and Jakarta Composite was down by 19.78 points or 0.33% to 6,043.47

On the flip side, Hang Seng jumped 96.17 points or 0.32% to 29,804.11, KOSPI Index strengthened 4.48 points or 0.18% to 2,541.63 and Straits Times was up by 11.53 points or 0.34% to 3,434.70.



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