Asian markets trade mostly lower in early deals on Thursday
Nikkei 225 tumble by 627.98 points or 1.21% to 51,334.00
Asian markets traded mostly lower in early deals on Thursday, due to risk aversion amidst lingering geopolitical tensions and economic uncertainties. Growing caution ahead of China’s December CPI and PPI due Friday as well as profit taking in high-valuation technology and AI stocks also saddled indices. Japan’s Nikkei plunged amidst concerns over potential impact of China’s export controls on military-use products to Japan, which could weigh on the country’s industrial and manufacturing sectors.
Nikkei 225 tumble by 627.98 points or 1.21% to 51,334.00, Straits Times curtailed by 6.10 points or 0.13% to 4,741.52, Hang Seng dipped by 315.95 points 1.21% to 26,143.00, Taiwan Weighted narrowed by 11.47 points or 0.04% to 30,424.00, and FTSE Bursa Malaysia KLCI index decreased by 9.19 points or 0.55% to 1,667.64.
On the flip side, KOSPI Index increased by 39.43 points or 0.86% to 4,590.49, Jakarta Composite added 40.39 points 0.45% to 8,985.20, and Shanghai Composite climbed by 3.68 points or 0.09% to 4,089.45.
