Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  Asian markets trade lower on Turkey's financial crisis


Asian markets trade lower on Turkey's financial crisis

All the Asian markets are trading in red in early deals on Thursday following the negative cues from Wall Street amid worries about Turkey's financial crisis and an economic showdown in China. Japanese Nikkei edged lower on weak commodity prices and a stronger yen. Sentiments also remained dampened after the Ministry of Finance said that Japan posted a merchandise trade deficit of 231.2 billion yen in July. That was shy of expectations for a shortfall of 41.2 billion yen following the downwardly revised 720.8 billion yen surplus in June. However, the regional markets have pared steep losses after China said it has accepted an invitation from the U.S. for a new round of trade talks to be held in late August. China's Ministry of Commerce said that a Chinese delegation led by vice commerce minister Wang Shouwen will travel to the U.S. in late August for trade talks to be held with U.S. Under Secretary of Treasury for International Affairs David Malpass.

Nikkei 225 decreased 71.86 points or 0.32% to 22,132.36, Taiwan Weighted shed 35.78 points or 0.33% to 10,680.97, Straits Times declined 15.75 points or 0.49% to 3,218.37, Jakarta Composite slipped 13.18 points or 0.23% to 5,803.41, Hang Seng dropped 213.18 points or 0.79% to 27,110.41, KOSPI fell 21.84 points or 0.98% to 2,237.07 and Shanghai Composite down by 24.62 points or 0.91% to 2,698.64.

Related News

View all news

US markets end mostly lower on Tuesday

The US markets ended Tuesday's choppy trading session mostly lower, as a surge in optimism over trade talks with China was offset by a plunge in crude prices. Besides, traders continued to express uncertainty......

US markets end significantly lower on Monday

Extending losses for second straight session, the US markets ended significantly lower on Monday, with all the major indices losing around two percent each, after a big decline in Apple shares, a rise......

US markets end with steep losses on Friday

The US markets ended the Friday's trade in red terrain with major indices ending with a cut of around a percent, as traders remain worried on renewed concerns about the outlook for interest rates on the......

Top News

View all news

RITES to acquire 33% stake in IRSDC

RITES has received in principle approval to acquire stake of 33% Equity Shares in Indian Railway Station Development Corporation (IRSDC). The Board of Directors of the company at their meeting held on......

Govt in favour of alignment of capital adequacy norms with Basel III norms

Instead of present stricter guidelines which restrict the lending capacity of lenders, the government is of the view that the Reserve Bank of India (RBI) should resort to Basel III norms for capital adequacy......

Infosys, Ashok Leyland and Reliance Infrastructure to see some action today

Infosys will open its next Technology and Innovation Hub in the State of Texas and hire 500 American workers in the state by 2020. The Hub will be located in Richardson, Texas and have a special focus......