Most of the Asian equity markets are trading lower in Friday’s morning deals with investors offloading their holdings in risky assets, amid concern that the US political impasse could lead to the government defaulting on its debt, sparking a recession. Moreover, Japanese Nikkei declined over half a percent ahead of Bank of Japan’s monetary policy meeting later in the day. The central bank is widely expected to keep the nation’s benchmark interest rate at the record low of 0 to 0.10 percent. There is also some speculation that the bank may raise its growth forecast.
Hang Seng declined 114.00 points or 0.49% to 23,100.40, Jakarta Composite shed 31.44 points or 0.71% to 4,387.20, Nikkei 225 contracted 73.13 points or 0.51% to 14,084.12, Seoul Composite dipped 2.31 points or 0.12% to 1,997.16 and Taiwan Weighted was down by 1.88 points or 0.02% to 8,357.14.
KLSE Composite rose 3.20 points or 0.18% to 1,774.57 and Straits Times was up by 0.79 points or 0.03% to 3,145.58.
China’s markets remained closed for trade today on account of National Day holiday.
Source:-berkeleygains
Hang Seng declined 114.00 points or 0.49% to 23,100.40, Jakarta Composite shed 31.44 points or 0.71% to 4,387.20, Nikkei 225 contracted 73.13 points or 0.51% to 14,084.12, Seoul Composite dipped 2.31 points or 0.12% to 1,997.16 and Taiwan Weighted was down by 1.88 points or 0.02% to 8,357.14.
KLSE Composite rose 3.20 points or 0.18% to 1,774.57 and Straits Times was up by 0.79 points or 0.03% to 3,145.58.
China’s markets remained closed for trade today on account of National Day holiday.
Source:-berkeleygains