Breaking News

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

03-May2018

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, following the negative cues overnight from Wall Street after the Federal Reserve announced its widely expected decision to leave interest rates unchanged and said that inflation is close to its target, signalling that an interest rate hike is likely in June. The focus was turning to talks beginning Thursday between US and Chinese officials in Beijing aimed at resolving festering trade tensions. The Japanese market is closed for the Constitution Day holiday. Among the other Asian markets, Singapore, Indonesia, Hong Kong, South Korea, Shanghai, and Taiwan are also in negative territory. Bucking the trend, Malaysia is higher.

Hang Seng dropped 509.9 points or 1.66% to 30,213.98, Jakarta Composite declined 112.53 points or 1.87% to 5,899.71, Taiwan Weighted dipped 70.61 points or 0.66% to 10,548.20, KOSPI Index slipped 11.37 points or 0.45% to 2,494.24, Straits Times contracted 56.72 points or 1.57% to 3,558.56, and Shanghai Composite down by 4.86 points or 0.16% to 3,076.32.

On the flip side, FTSE Bursa Malaysia KLCI was up by 4.52 points or 0.24% to 1,856.55.


Related News

View all news

US markets end lower as growth concerns resurface

The US markets ended lower on Tuesday on renewed concerns about global growth and the US-China trade war. The International Monetary Fund (IMF) said the global expansion is weakening at a rate that is......

US markets extend gains on optimism about trade leads

Extending gains for fourth straight session, the US markets ended sharply higher on Friday, with gains of over a percent each, as traders continued to express optimism about trade talks between the US......

US markets end higher on hopes of easing trade tensions

Magnifying their gains for third straight day, the US markets ended higher on Thursday on report that the US is considering lifting some tariffs on Chinese products in an effort to elicit more concessions......

Top News

View all news

RPP Infra Projects bags orders worth Rs 62.90 crore from BHEL

RPP Infra Projects has bagged orders from Bharat Heavy Electricals (BHEL), Chennai for worth of Rs 62.90 crore. The first order is for providing civil works of Boiler, Mill and Bunker, ESP area of unit......

Glenmark gets tentative ANDA approval for Abiraterone Acetate Tablets

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted tentative approval by the United States Food & Drug Administration (USFDA) for Abiraterone Acetate Tablets USP, 250 mg, a generic......

HDFC Standard Life Insurance reports 18% rise in Q3 net profit

HDFC Standard Life Insurance has reported results for third quarter ended December 31, 2018. The company has reported a rise of 18.48% in its net profit at Rs 245.63 crore for the quarter under review......