INSUBCONTINENT EXCLUSIVE:
Asian markets traded mostly lower in early deals on Monday, saddled by the risk aversion in the market after recent downgrade of the US
government's credit rating by Moody's from Aaa to Aa1
China's announcement of anti-dumping duties on plastics from the US, EU, Japan, and Taiwan also dulled investor sentiments
Moreover, mixed economic data from China has indicated struggles within its domestic economy also dulled investments
first drop in a year, reflecting the impact of US trade policies and weak external demand, particularly from China.Nikkei 225 down by 252.29
points or 0.67% to 37,501.43, Straits Times dipped by 7.81 points 0.20% to 3,890.06, Hang Seng curtailed by 114.10 points 0.49% to
23,230.95, KOSPI Index decreased by 30.71 points or 1.17% to 2,596.16, Taiwan Weighted dipped by 316.57 points or 1.45% to 21,527.12,
Shanghai Composite narrowed by 1.61 points or 0.05% to 3,365.85, and FTSE Bursa Malaysia KLCI slipped by 16.19 points or 1.03% to
1,555.56.On the flip side, Jakarta Composite up by 15.61 points or 0.22% to 7,122.14.
