Summary
- Asia markets are in the green zone.
- Chinese shares were flat.
- The Dow Jones Industrial Average continued its losing streak.
The equity markets in the Asia-Pacific (APAC) region were trading in the green, even as the Dow Jones Industrial Average continued its losses for the third consecutive day.
Japan’s Nikkei 225 was trading 29 basis points (bps) higher while the Topix index was up 19 bps.
Similarly, in South Korea, the KOPSI was up 31 bps.
Meanwhile, the shares in Mainland China were flat: the Shaghai Composite was down 2 bps while the Shenzhen component was up by a single bps. This is despite the country reporting 12-year inflation last year.
In Hong Kong, the Hang Seng Index was the only second index in the region to be trading in the red – down 5 bps.
Down Under, in Australia, the markets were trading in green as well – with ASX200 up 44 bps.
Meanwhile, Morgan Stanley Capital International’s APAC index was down 15 bps.
Overnight in the US, the Dow dropped 152.68 points to trade at 34,447.14 while the S&P 500 dipped 0.18% to 4,219.55.