Asian Markets in Red on the Back of Global Uncertainties, Gold Dips in Early Asia

Asian Markets in Red on the Back of Global Uncertainties, Gold Dips in Early Asia

12 May 2016, 06:43
Roberto Jacobs
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Asian Markets in Red on the Back of Global Uncertainties, Gold Dips in Early Asia

All the major Asian indices are trading on a lower note on Thursday morning on the back of global uncertainties as well as lower commodity prices. Gold fails to break key resistance at $1278 and hovers around $1270 marks. On the other side, Japanese Yen gains in early Asia on the back of higher than expected current account data.

Japan’s Nikkei 225 index traded 0.41% lower at 16,510.03 points while broader Topix gauge fell 0.88% to 1,322.54 points.

The Shanghai Composite index plunged 1.73% to 2,787.98 points, while Hong Kong's Hang Seng index was trading 0.52% lower at 19,952.53 points.

Korea's Kospi index traded 0.05% lower at 1,979.19 points.

Australia’s S&P ASX/200 was trading 0.52% lower at 5,344 points.

New Zealand's S&P/NZX 50 index slipped 0.11% lower to 6,936.81 points on Thursday afternoon in Wellington.

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