Breaking News

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

15-Jun2017

Asian markets trade mostly lower in early deals on Thursday

Most of the Asian equity benchmarks are trading lower in the early deals on Thursday, tracking the overnight fall in crude oil prices and the mixed cues from Wall Street after the Federal Reserve raised interest rates as expected. The Federal Open Market Committee voted to raise fed funds to between 1 percent and 1.25 percent, and will start 'gradual' shrinking of its $4.5 trillion balance sheet 'this year.' Meanwhile, Japan's Nikkei share average fell in choppy trade after weak US inflation data overshadowed an interest hike by the Federal Reserve. Among the other Asian markets, Shanghai, South Korea, Singapore, Hong Kong, Indonesia, and Taiwan are also in negative territory. Bucking the trend, Malaysia is higher.

Nikkei 225 declined 58.16 points or 0.29% to 19,825.36, Hang Seng decreased 274.22 points or 1.06% to 25,601.68, KOSPI Index dropped 13.93 points or 0.59% to 2,358.71, Taiwan Weighted slipped 8.59 points or 0.09% to 10,063.87, Jakarta Composite contracted 8.42 points or 0.15% to 5,784.48, Shanghai Composite dipped 3.49 points or 0.11% to 3,127.19, and Straits Times was down by 19.53 points or 0.60% to 3,233.90.

On the flip side, FTSE Bursa Malaysia KLCI was up by 0.4 points or 0.02% to 1,792.75.


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,......