Asian markets trade mostly lower in early deals on Monday
KOSPI Index plunged by 70.35 points or 1.20% to 5,788.52
Asian markets traded mostly lower in early deals on Monday, amidst intensified geopolitical tensions in the Middle East followed by failed peace talks between the US and Iran. Surge in crude oil rates above $100 a barrel, spurred fears of global energy supply disruptions, intensifying woes over inflation and slower global growth. South Korea’s KOSPI plunged the most among Asian indices with the risk aversion amidst negative global cues.
Nikkei tumbled by 582.11 points or 1.02% to 56,342.00, Straits Times down by 21.03 points or 0.42% to 4,968.38, Hang Seng fell by 259.54 points 1.01% to 25,634.00, Taiwan weighted dipped by 57.15 points or 0.16% to 35,360.68, KOSPI Index plunged by 70.35 points or 1.20% to 5,788.52, Shanghai Composite declined by 6.96 points or 0.17% to 3,979.263, and FTSE Bursa Malaysia KLCI index narrowed by 11.48 points or 0.68% to 1,679.83.
On the flip side, Jakarta Composite was up by 33.60 points or 0.45% to 7,492.10.
