Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  Asian markets trade lower in early deals on Thursday


Asian markets trade lower in early deals on Thursday

Asian equity benchmarks are trading lower in the early deals on Thursday, tracking the lackluster cues from Wall Street following the FOMC rate decision and the fall in crude oil prices to a three-month low overnight. Investors are also digesting mixed corporate earnings results. Overnight, the US Federal Reserve announced its widely expected decision to maintain the target range for the federal funds rate at quarter to half a percent. While the Fed statement was largely unchanged from the previous meeting, it did say near-term risks to the economic outlook have diminished. Meanwhile, Japan's Nikkei share average fell after Wall Street ended lower and a stronger yen soured sentiment, while most investors stayed cautious amid the two-day Bank Of Japan policy meeting that ends Friday.

Nikkei 225 dropped 186.72 points or 1.12% to 16,478.10, Hang Seng dipped 95.66 points or 0.43% to 22,123.33, KOSPI Index declined 9.84 points or 0.49% to 2,015.21, FTSE Bursa Malaysia KLCI slipped 8.73 points or 0.52 % to 1,654.83, Taiwan Weighted decreased 15.62 points or 0.17% to 9,047.77, Straits Times contracted 24.44 points or 0.83% to 2,917.05, Jakarta Composite crumbled 7.22 points or 0.14% to 5,267.14, and Shanghai Composite was down by 18.41 points or 0.62% to 2,973.59.

Related News

View all news

US markets settle higher on Thursday

The US markets ended Thursday's choppy trading session higher as investors continued to analyze the flow of corporate earnings and a series of conflicting economic reports, but sentiment was buoyed by......

US markets end marginally lower on Wednesday

The US markets ended marginally lower on Wednesday as traders digested a mixed batch of earnings reports from big-name companies such as PepsiCo (PEP), Morgan Stanley (MS), Netflix (NFLX) and IBM Corp.......

US Markets end higher on Tuesday

The US markets ended higher on Tuesday following a round of better than expected corporate earnings. UnitedHealth reported better than expected first quarter results and raised its full-year earnings guidance.......

Top News

View all news

Lupin seeks more time from commerce ministry to complete project in Indore SEZ

Lupin has sought more time from the commerce ministry to complete its project, with proposed investment of Rs 205.69 crore, in the Indore Special Economic Zone (SEZ). The company is setting up its pharma......

Tata Sponge Iron to shift its registered office to Kolkata

Tata Sponge Iron has decided to shift its registered office from Keonjhar in Odisha to Kolkata, subject to the approval of the members of the company and other regulatory authorities. The company has also......

GVK Power's arms ink pact with ADIA, NIIF

GVK Power and Infrastructure's subsidiaries -- GVK Airports Developer (GVKADL) and GVK Airport Holdings (GVKAHL) have signed a term sheet and exclusivity agreement with Abu Dhabi Investment Authority (ADIA)......