Asian equity benchmarks traded mixed in early deals on Monday, as the investors got cautious after Janet Yellen’s higher interest rates and ahead to this week’s US inflation report. Weaker than expected Chinese trade data for month of May, continued corona virus fresh out breaks and the lingering concerns over economic health dulled the sentiments. Technological shares showcased positive trend in the session in line with the firm trend in Nasdaq. Japan’s Nikkei is advancing with the benchmark just above the 29,000 mark in tandem with the Friday’s firm trend in Wall street. Although , gains remained trimmed with the extended COVID-19 state of emergency until June 20 in several major areas. Among the Asian markets, Japan, Singapore, South Korea, and Indonesia, are in upward trend. On the flip side, Hong Kong, Taiwan, China and Malaysia are trading higher.
Nikkei 225 up by 110.71 points or 0.38% to 29,052.23, Straits Times rose 27.19 points or 0.86% to 3,178.23, KOSPI widened 11.77 points or 0.36% to 3,251.85, and Jakarta Composite higher 1.24 points or 0.02% to 6,066.41,
Bucking the trend, Hang Seng down by 222.92 points or 0.77% to 28,695.18, Taiwan Weighted slipped by 62.25 points or 0.36% to 17,085.16, Shanghai Composite narrowed by 7.66 points or 0.21% to 3,584.18 and FTSE Bursa Malaysia KLCI shrunk by 12.12 points 0.76% to 1,578.45.