Breaking News

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

29-Jul2016

Asian markets trade mostly lower in early deals on Friday

Most of the Asian equity benchmarks are trading lower in the early deals on Friday as the Bank of Japan acted narrowly on easing policy, avoiding pulling harder on levers on negative interest rates and asset purchases. Japan's Nikkei share average erased earlier gains and slipped after the Bank of Japan eased monetary policy but not to the degree that many in the market had expected. The BOJ eased its monetary policy further by increasing its buying of exchange-traded funds (ETFs), it didn't changed interest rates or increase the monetary base. In China, shares fell even on buzz the banking regulator's proposals to limit investment in equities through wealth-management products will have limited effect on money flowing into the stock market. Among the other Asian markets, Hong Kong, South Korea, Singapore, Malaysia, and Taiwan are lower. Bucking the trend, Indonesia is up with modest gains.

Nikkei 225 dipped 300.24 points or 1.82% to 16,176.60, Hang Seng dropped 182.40 points or 0.82% to 21,991.94, KOSPI Index slipped 3.29 points or 0.16% to 2,017.81, FTSE Bursa Malaysia KLCI decreased 2.32 points or 0.14% to 1,656.18, Taiwan Weighted contracted 66.60 points or 0.73% to 9,010.04, Straits Times declined 35.17 points or 1.21% to 2,883.45, and Shanghai Composite was down by 2.00 points or 0.07% to 2,992.32.

On the flip side, Jakarta Composite was up by 23.57 points or 0.44% to 5,322.79.


Related News

View all news

US markets end higher after Trump says China trade talks to continue

The US markets ended higher on Friday after key negotiators cast a positive glow on trade talks. US Secretary of Treasury Steven Mnuchin indicated that bilateral talks were constructive even though an......

US markets lower after US President claims China broke the deal

The US markets ended lower on Thursday as trade tensions ramped up after US President Donald Trump threatened tariff retaliation on China, which he claims broke the deal. Anxiety over the prospect of a......

US markets end mostly lower on Wednesday

The US markets ended mostly lower on Wednesday as worries over US-China trade talks lingered. A notice in the Federal Register formally laid the groundwork to raise tariffs on $200 billion of Chinese imports......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......