Asian markets trade mostly lower in early deals on Friday
Hang Seng tumble by 300.26 points 1.15% to 26,094.00
Asian markets traded mostly lower in early deals on Friday, on account of caution over prospects for a lasting US-Iran ceasefire deal. Investor sentiments dulled on woes over bets that it could take two years to fully restore disrupted oil and gas production, as the double blockade continues to paralyze the key Strait of Hormuz. Hang Seng tumbled the most among Asian indices, after its three-day winning streak.
Nikkei down by 546.34 points or 0.92% to 58,972.00, Straits Times dipped by 11.53 points or 0.23% to 4,996.30, Hang Seng tumbled by 300.26 points 1.15% to 26,094.00, Taiwan weighted narrowed by 279.93 points or 0.75% to 36,852.09, KOSPI Index curtailed by 23.97 points or 0.38% to 6,202.08, and Shanghai Composite decreased by 12.10 points or 0.30% to 4,043.45
On the flip side, Jakarta Composite up by 15.51 points or 0.20% to 7,636.89, and FTSE Bursa Malaysia KLCI index widened by 1.53 points or 0.09% to 1,691.24.
