Breaking News

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

18-Oct2017

Asian markets trade mostly lower in early deals on Wednesday

Most of the Asian equity benchmarks are trading lower in the early deals on Wednesday with investors trading cautiously as China's President Xi Jinping spoke at the beginning of the Communist Party's 19th National Congress, the most important political meeting of the party in the past five years. Investors are waiting for clues on future policy direction in the world's second-largest economy. Meanwhile, Hong Kong stocks is slightly lower, following four days of gains while traders keep an eye on the opening of a key meeting of the Chinese Communist Party in Beijing. Though, Japan's Nikkei share average edged higher, getting a lift from further gains on Wall Street and as investors bet a weekend election would usher in continued political and monetary stability. Among the other Asian markets, South Korea, Indonesia, and Taiwan are modestly lower. Bucking the trend, Shanghai is higher. The markets in Malaysia and Singapore will be closed for Deepavali.

Hang Seng dropped 1.2 points or 0% to 28,696.29, KOSPI Index dipped 3.66 points or 0.15% to 2,480.71, Taiwan Weighted declined 17.22 points or 0.16% to 10,705.93, and Jakarta Composite was down by 17.32 points or 0.29% to 5,930.01.

On the flip side, Nikkei 225 gained 5.52 points or 0.03% to 21,341.64, and Shanghai Composite was up by 9.23 points or 0.27% to 3,381.27.


Related News

View all news

US markets end higher on Tuesday

The US markets ended higher on Tuesday, as traders shrugged off concerns about the escalating trade war between the U.S. and China. Traders seemed to be expressing relief that the rates of tariffs the......

Asian markets trade mostly in green in early deals on Wednesday

Most of the Asian markets are trading in green in early deals on Wednesday, following the positive cues overnight from Wall Street as investors shrugged off an escalation in trade tensions between the......

US markets end higher on Tuesday

The US markets ended higher on Tuesday, as traders shrugged off concerns about the escalating trade war between the U.S. and China. Traders seemed to be expressing relief that the rates of tariffs the......

Top News

View all news

TI Financial Holdings to make investment of up to Rs 50 crore

TI Financial Holdings has received an approval for the further investment in shares of Cholamandalam Investment and Finance Company (CIFCL) up to 300,000 equity shares Rs 10 each, up to a sum not exceeding......

Glenmark Pharma inducts into Dow Jones Sustainability Indices 2018

Glenmark Pharmaceuticals has been listed on the Dow Jones Sustainability Indices 2018. Dow Jones Sustainability Index (DJSI) is one of the most esteemed global benchmarks for sustainable business practices.......

Tata Steel completes acquisition of 51% equity stake in CPDPL

Tata Steel has completed the acquisition of 51% equity stake in Creative Port Development (CPDPL). Earlier, the company had executed definitive agreement for development of Subarnarekha Port &......