Epic Research Update : Asian Markets

Asian indexes edged down on Monday despite the firmer lead from Wall Street last week. Chinese markets traded lower as investors kept an eye on developments in the bond market while South Korea’s Kospi slid on weakness in tech names.

Japan’s Nikkei 225 erased early gains to slip 0.33 percent. Trading houses and manufacturing names made losses, but some notable names continued to cling to gains. Toyota was up 0.23 percent as other major automakers traded lower, SoftBank Group gained 0.12 percent and Nintendo rose 1.74 percent.

Across the Korean Strait, the Kospi fell 1.25 percent, with tech stocks dragging on the broader index. Market movers included blue-chip heavyweight Samsung Electronics, which saw its stock tumble 4.4 percent. SK Hynix, meanwhile, fell 3.53 percent and Naver lost 2.35 percent.

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Posted in: Indian Market Tips