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11-Aug2017

Asian markets trade lower in early deals on Friday

Asian equity benchmarks are trading lower in the early deals on Friday following overnight losses on Wall Street as US President Donald Trump's bellicose remarks prompted investors to unload shares in companies that have been on the rise in recent months. Meanwhile, Hong Kong stocks fell after an escalation in tensions between the US and North Korea caused a slump on Wall Street overnight. The Japanese market is closed in observance of the Mountain Day holiday.

Hang Seng dipped 517.62 points or 1.89% to 26,926.38, Jakarta Composite dropped 62.98 points or 1.08% to 5,762.97, Shanghai Composite contracted 52.08 points or 1.6% to 3,209.67, KOSPI Index declined 36.97 points or 1.57% to 2,322.50, Taiwan Weighted decreased 15.37 points or 0.15% to 10,314.37, FTSE Bursa Malaysia KLCI slipped 8.6 points or 0.48% to 1,769.17, and Straits Times was down by 34.64 points or 1.04% to 3,288.60.


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