Epic Research Update : Asian Markets

Asian markets were trading lower on Wednesday. US crude was slightly higher in early trade after falling to a three-year low in the previous session while Brent crude hit a four-year low on Tuesday after Saudi Arabia lowered the price of oil exported to the United States on Monday, while increasing the cost to Asia and Europe.



China’s Shanghai Composite was down 0.29 percent or 6.98 points at 2,423.70.



Hong Kong’s Hang Seng declined 0.51 percent or 122.07 points at 23,723.59.



Japan’s Nikkei shed 0.33 percent or 55.94 points at 16,806.53.



Singapore’s Straits Times was down 0.16 percent or 5.41 points at 3,276.16.



South Korea’s Seoul Composite was flat at 1,936.08.



Taiwan’s Taiwan Weighted fell 0.23 percent or 20.67 points at 8,968.51.



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Posted in: Indian Market Tips