Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  Asian markets trade mixed tailing the US indices

08-Nov2017

Asian markets trade mixed tailing the US indices

Asian markets were showing mixed trend on Wednesday tracking the cues of overnight closing of the US markets and some of the indices are in red amid concern about the progress of U.S. tax reforms, after a report that Senate Republican leaders are considering a delay in the implementation of a corporate-tax cut. Also, the geopolitics remain a focus as U.S. President Donald Trump continues his tour of Asia. In his next stop to Beijing U.S. president is expected to tackle issues such as North Korea and trade with his Chinese counterpart, Xi Jinping. Meanwhile, the Chinese markets were up after country's exports increased 6.9 percent in dollar terms in October from a year earlier. Buoyant global growth is driving demand for Chinese exports. On the other hand the Japanese market was marginally in red as the yen climbed a bit.

KOSPI Index was up by 5.48 points or 0.22% to 2,550.92, Shanghai Composite gained 18.4 points or 0.54% to 3,431.98 and Hang Seng was higher by 85.58 points or 0.3% to 29,079.92.

On the other hand, Nikkei 225 decreased by 37.78 points or 0.16% to 22,899.82, Jakarta Composite declined by 19.82 points or 0.33% to 6,040.63, Taiwan Weighted was lower by 16.42 points or 0.15% to 10,823.92 and FTSE Bursa Malaysia KLCI was down by 2.25 points or 0.13% to 1,748.69.


Related News

View all news

US markets settle lower on Monday

The US markets ended deeply lower with cut of over two percent on Monday, with the S&P 500 and Nasdaq posting fresh year-to-date closing lows, extending the worst start to a December since 1980,......

US markets end in red on concerns about global economy

The US markets ended sharply lower on Friday, with losses of around two percent, after weaker-than-expected data in China and Europe exacerbated concerns of a global economic slowdown. Besides, retail......

US markets end mostly lower on trade jitters

The US markets ended mostly in red on Thursday as investors continued to worry over the lack of clarity and progress in US-China trade talks. The perception of progress was tempered that China arrested......

Top News

View all news

Infibeam Avenues' arm incorporates wholly owned subsidiary

Infibeam Avenues' wholly owned subsidiary-- Infibeam Global EMEA FZ-LLC has incorporated a wholly owned subsidiary company namely 'Richrelevants' in BVI, which will be the Step-down Wholly Owned Subsidiary......

Ramco Systems gets order from Global Top 10 Chemical Manufacturing Company

Ramco Systems' Global Payroll platform has been chosen by one of the leading chemical producer and a Global Top 10 Chemical Manufacturing company by revenue, as a Managed Service for its multi-country......

JCT planning to raise funds on preferential basis

JCT is planning for the fresh issuance of equity shares aggregating to Rs 9.16 crore on preferential basis to term lenders. The meeting of the Board of Directors of the Company will be held on December......