Asian Markets in Red on the Back of Global Uncertainties, Gold Dips Below $1250

Asian Markets in Red on the Back of Global Uncertainties, Gold Dips Below $1250

24 May 2016, 06:30
Roberto Jacobs
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Asian Markets in Red on the Back of Global Uncertainties, Gold Dips Below $1250

All the major Asian stock markets are trading on a lower note on Tuesday on the back of global uncertainties and speculation on the interest rate hike by Federal Reserve. On the other side, Gold breaks key support at $1252 and hivers around $1246 marks. In addition, USD/JPY remains well supported above 109.00 levels and trading around 109.40 marks.

Japan’s Nikkei N225 was trading 0.67% lower at 16,543 points in Tokyo.

South Korea’s Kospi was trading 0.62% lower at 1,943.16 points.

Hong Kong’s Hang seng index was trading 0.15% lower at 19,779 points. Shanghai composite index to open down 0.1 pct at 2,839.68 points while china's CSI300 index to open down 0.1 pct at 3,083.24 points.

Taiwan stocks open down 0.28 pct at 8,329.69 points.

Australia’s S&P/ASX 200 was trading 0.08% lower at 5,314.60 points.

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