Asian equity benchmarks traded in red in early deals on Monday, in a low volume trade as some of the major markets are closed for a public holiday and on intensified concerns over surge in covid infections in Asia and the possibility of lockdowns in several markets. Market players also side-lined as they awaited US economic data for more cues on global economic recovery. Oil share trade lower with the slip of crude oil rates on Friday, technological shares are mostly mixed, while banking shares are mostly up in the session. Stock markets of Japan, China and Malaysia are closed for a holiday. Among the Asian markets, Singapore, Hong Kong, South Korea, Taiwan, Indonesia, China and Malaysia are in lower note.
Straits Times decreased 43.41 points or 1.35% to 3,174.86,Hang Seng dipped by 429.60 points or 1.50% to 28,295.28, Taiwan Weighted slipped 281.67 points or 1.60% to 17,284.99, KOSPI Index narrowed by 18.94 points or 0.60% to 3,128.92, and Jakarta Composite lower by 49.48 points or 0.83% to 5,946.14.