Most of the Asian equity benchmarks are trading lower in the early deals on Friday, with investors turning their focus to the US jobs data for April due later in the day. Investors also kept a close watch on US-China trade talks, even as a Commerce Department report showed that the US trade deficit with China widened in March from February. Meanwhile, Hong Kong shares is lower, following a subdued performance on US markets, with ongoing US-China trade negotiations a concern for investors. Among the other Asian markets, Shanghai, South Korea, Singapore, Indonesia, and Malaysia are all in negative territory. Bucking the trend, Taiwan is edging higher. The Japanese market remains closed for Greenery Day.
Hang Seng dropped 104.96 points or 0.35% to 30,208.41, Shanghai Composite declined 3.84 points or 0.12% to 3,097.02, Jakarta Composite slipped 52.81 points or 0.9% to 5,805.92, KOSPI Index contracted 17.14 points or 0.69% to 2,470.11, FTSE Bursa Malaysia KLCI dipped 6.78 points or 0.37% to 1,845.02, and Straits Times down by 23.15 points or 0.65% to 3,552.53.
On the flip side, Taiwan Weighted up by 30.98 points or 0.29% to 10,545.16.