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.