Breaking News

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

23-May2018

Asian markets trade mostly lower in early deals

Asian markets are trading mostly in red terrain in early deals on Wednesday after Donald Trump cast doubt on a historic summit with North Korean leader Kim Jong Un and appeared to hit out at a deal with China that averted a damaging trade war. The Japanese market is trading notably lower, as a stronger yen pulled down shares of exporters. On the economic front, the latest survey from Nikkei revealed that the manufacturing sector in Japan continued to expand in May, albeit at a slower pace, with a manufacturing PMI score of 52.5. That's down from 53.8 in April, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Japan will also provide March results for its all industry activity index as well as April figures for department store sales and machine tool orders on May 23. Among the other Asian markets, Hong Kong, Taiwan, Malaysia, Singapore and Shanghai are trading lower. On the other hand, South Korea and Indonesia are higher.

Hang Seng declined 325.34 points or 1.04% to 30,909.01, Nikkei 225 dropped 256.86 points or 1.12% to 22,703.48, Taiwan Weighted decreased 49.58 points or 0.45% to 10,889.15, FTSE Bursa Malaysia KLCI tumbled 28.77 points or 1.56% to 1,816.26, Straits Times shed 36.90 points or 1.05% to 3,506.28 and Shanghai Composite down by 25.7 points or 0.8% to 3,188.65.

On the flip side, KOSPI Index increased 3.26 points or 0.13% to 2,468.83 and Jakarta Composite up by 63.81 points or 1.11% to 5,814.93.



Related News

View all news

US markets end mostly in red terrain on Friday

The US markets ended the lackluster day of trade mostly in red terrain on Friday. Despite the choppy trading on the day, the Dow climbed to another new record closing high. Next week's Federal Reserve......

All Asian markets trade in green in early deals on Friday

All of the Asian markets are trading in green in early deals on Friday, following the record highs overnight on Wall Street's S&P 500, while the US dollar weakened as worries about trade tensions......

US markets end significantly higher on Thursday

The US markets ended significantly in green terrain on Thursday, as traders continued to shrug off concerns about the escalating trade dispute between the U.S. and China. Traders also took some encouragement......

Top News

View all news

Generic Engineering bags orders worth Rs 273.92 crore

Generic Engineering Construction & Projects has been awarded multiple orders to the tune of Rs 273.92 crore from established & reputed real estate developers and one from India's leading......

Zuari Global enters into agreement with Axis Finance to avail loan facility

Zuari Global has entered into a facility agreement with Axis Finance to avail loan facility and an overdraft facility not exceeding Rs 85 crore and an overdraft facility up to an amount not exceeding Rs......

Ravalgaon Sugar Farm to sell sugar plant

Ravalgaon Sugar Farm has executed the requisite transfer documents for transfer of its Sugar Plant and Building along with surrounding land of approximately 85,000 square meters to S. J. Sugar Distillery......