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Asian markets trade mostly in red in early deals on Thursday

Most of the Asian equity benchmarks are trading in red in early deals on Thursday, followed by the retreat of crude oil to five month low rate amid uncertainty over an intractable US-China trade dispute. Investors eyed on an expected meeting between Donald Trump and Xi Jinping at the G20 summit in Japan this month. The Hong Kong market fell for second consecutive session following a day of massive street protests. Japanese Nikkei declined with the modest losses overnight on Wall Street and as investors eyed on April results for its tertiary industry index and second-quarter results for the indexes for large manufacturing and large all industry from BSI. Among the other Asian markets, Singapore, South Korea, Hong Kong, Taiwan, Indonesia and Malaysia, are trading lower.However, Shangai is in positive lead.

Nikkei 225 down 125.03 points or 0.59% to 21,004.69, Hang Seng decline 235.47 points or 0.86% to 27,072.99,Straits Times was dip 5.25 points or 0.16% to 3,202.49, Taiwan Weighted contracts 61.30 points or 0.58% to 10,554.36, KOSPI Index jumped 18.15 points or 0.86% to 2,090.60, Jakarta Composite was down by 4.31 points or 0.07% to 6,271.87, and FTSE Bursa Malaysia KLCI down 8.96 points or 0.54% to 1,641.78.

On the flip side, Shangai was up by 3.44 points or 0.12% to 2,912.82.

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