Asian markets trade mixed in early deals on Tuesday
Nikkei down by 504.36 points or 0.83% to 60,033.00
Asian markets traded mixed in early deals on Tuesday, amidst continued uncertainty over opening of the Strait of Hormuz. Market participants side-lined from hefty position taking as they awaited US Federal Reserve’s meeting later this week. Sentiments also dulled as the US-Iran peace talks have stalled due to White House ‘red lines’ and a reported ‘lack of progress’. Upcoming release of tech sector earnings also contributed mixed signals in the indices. Japan’s Nikkei retreated from recent record highs after the Bank of Japan left its policy rate unchanged at 0.75% for a fourth consecutive meeting, in line with expectations.
Nikkei down by 504.36 points or 0.83% to 60,033.00, Hang Seng dipped by 189.65 points 0.73% to 25,736.00, Jakarta Composite decline by 56.34 points or 0.79% to 7,050.18, and Shanghai Composite decreased by 2.87 points or 0.07% to 4,083.47.
On the flip side, Straits Times up by 13.14 points 0.27% to 4,905.87, KOSPI Index rose by 64.54 points or 0.98% to 6,679.57, Taiwan weighted added by 109.09 points or 0.28% to 39,725.72, and FTSE Bursa Malaysia KLCI index lifted by 0.41 points or 0.02% to 1,717.68.
