Breaking News

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

02-May2018

Asian markets trade lower in early deals on Wednesday

All of the Asian equity benchmarks are trading lower in the early deals on Wednesday, while the dollar traded near a four-month high as investors await the Federal Reserve's upcoming policy statement for clues on the future pace of US monetary tightening. The Japanese market dipped into negative territory after opening higher, with the mixed cues from Wall Street and the fall in crude oil prices weighing on investors' sentiments. Investors also turned cautious ahead of the US Federal Reserve's monetary policy decision due later in the day. Meanwhile, China stocks, which resumed trading after the Labour Day holiday, fell as investors braced for trade talks between US and Chinese officials amid concerns over economic growth.

Nikkei 225 dropped 68.45 points or 0.3% to 22,439.58, Hang Seng slipped 185.72 points or 0.6% to 30,622.73, FTSE Bursa Malaysia KLCI declined 23.57 points or 1.26% to 1,846.80, Shanghai Composite contracted 11.78 points or 0.38% to 3,070.45, Taiwan Weighted declined 11.57 points or 0.11% to 10,646.31, KOSPI Index crumbled 9.71 points or 0.39% to 2,505.67, Jakarta Composite decreased 5.56 points or 0.09% to 5,989.03, and Straits Times down by 0.85 points or 0.02% to 3,613.08.


Related News

View all news

US markets end higher on trade optimism

The US markets ended higher on Wednesday as traders keep up hope that the US and China will make progress on resolving their trade dispute. The strength on markets came in after President Donald Trump......

US markets end mostly lower on Tuesday

The US markets ended mostly lower on Tuesday after a contentious fight between President Donald Trump and Democratic leadership over border security. Trump threatened to shut down the government if more......

US markets end marginally higher on Monday

The US markets ended marginally higher on Monday as traders went bargain hunting after the early weakness extended the sell-off seen last week. Further, some support also came in as renewed confidence......

Top News

View all news

Patels Airtemp receives settlement notice from SEBI

Patels Airtemp (India) has received from SEBI, Summary Settlement Notice vide its Letter dated December 12, 2018 for settlement amount of Rs 3,68,156 against violation of Regulation 7(2)(b) of SEBI (Prohibition......

IndiGo in initial discussion with Qatar, Turkish Airlines for global expansion: Report

In order to increase its global footprint, InterGlobe Aviation (IndiGo) is reportedly in preliminary discussion with Qatar Airways and Turkish Airlines. The Budget carrier is looking for interline and......

Talwalkars Lifestyles integrates with Growfitter

Talwalkars Lifestyles has integrated with Growfitter to introduce the country's first ever AI (Artificial Intelligence) based Incentivized Wellness Program. The Growfitter FITKIT Program is a technologically......