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Asian stocks traded lower across the board early Monday, with investors reacting to key economic data from the region.
China’s Shanghai Composite index rewrote its highest level since January 2008, undeterred by an announcement from the China Securities Regulatory Commission last week that it is amending margin-trading and short-selling rules.
Japan’s Nikkei 225 index erased earlier gains to fall into negative territory, as a stronger yen offset the impact of upbeat growth data. The dollar-yen was last quoted at 125.39, with the yen gaining ground of around 0.2 percent against the greenback.
South Korea’s Kospi index inched down amid worries about the outbreak of a deadly respiratory disease in the country.
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Posted in: Indian Market Tips
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