Asian markets trade in red in early deals on Thursday
KOSPI Index bearish by 233.57 points or 4.26% to 5,245.13
Asian markets traded in red in early deals on Thursday, saddled by the risk aversion amidst geopolitical turmoil with the escalating conflicts in the Middle East. Investor sentiments soured after the US President Trump reiterated plans to target Iranian infrastructure, dampening earlier hopes for a quick resolution. Surging crude oil rates, and hefty sell-offs by FIIs also dulled the local indices. South Korea’s KOSPI plunged the most among Asian indices with the bearish global cues and as the country’s consumer prices rose 2.2% in March, above the 2% target, led by a 9.9% jump in petroleum, the sharpest since October 2022.
Nikkei tumbled by 1,295.68 points or 2.41% to 52,444.00, Straits Times down by 38.95 points or 0.78% to 4,936.88, Hang Seng wilted by 262.03 points 1.05% to 25,032.00, Taiwan weighted decreased by 520.85 points or 1.57% to 32,653.97, KOSPI Index bearish by 233.57 points or 4.26% to 5,245.13, Jakarta Composite plunged by 94.32 points 1.31% to 7,090.12, Shanghai Composite dipped by 20.95 points or 0.53% to 3,927.60, and FTSE Bursa Malaysia KLCI index narrowed by 16.38 points or 0.96% to 1,692.52.
