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05-Nov2018

Asian markets trade red in early deals on Monday

All of the Asian market indices are trading in red in early deals on Monday following the negative cues from Wall Street on Friday amid the uncertainty around the Sino-United States trade war. In addition, upbeat US jobs data for the month of October led to renewed concerns about the outlook for interest rates. The Japanese market is notably lower following the negative cues from Wall Street and global economic growth. Investors are also cautious as they await the minutes of Bank of Japan's September monetary policy meeting.

Nikkei 225 dropped 286.10 points or 1.30% to 21,957.56, Straits Times dipped 57.76 points or 1.89% to 3,058.63, Hang Seng slipped 701.15 points or 2.72% to 25,785.20, KOSPI Shares decreased 26.39 points or 1.28% to 2,069.61, Shanghai Composite contracted 26.64 points or 1.01% to 2,649.84, FTSE Bursa Malaysia KLCI declined 8.00 points or 0.47% to 1,705.87, Jakarta Composite tumbled 4.01 points or 0.07% to 5,902.28 and Taiwan Weighted down by 84.78 points or 0.86% to 9,821.81.


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