Asian Indices trading lower tracking weak US indices close: 20 Nov 2017

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Asian Markets opened trade on a negative note, taking cues from the benchmark US indices that ended lower in Friday’s trading session. The decline was due to the uncertainty looming over corporate tax reforms.

Investors are now focused on energy prices which are going to be affected by the rising tension in West Asia. This is due to the resignation of Lebanese Prime Minister Saad Hariri.

Energy prices are also in focus following reports that Iran exported about 4.26 million barrels of oil from South Pars to international destinations since late March.

Meanwhile, Toshiba has caught investors’ attention as it plans to raise $5.3 bn through new share issue:

Here are how the Asian Indices faring in the Monday’s Trading session

• South Korea’s KOSPI declined by 0.12% to 2,530 level.
• China’s Shanghai Composite trading lower at 3,355 level, down by 0.81%.
• Singapore Straits Times loses by 0.07% to trade at 3,379 level.
• Japan’s Nikkei 225 lost steam by 0.57% to trade at 22,269 level
• Taiwan’s Taiex slid by 0.36% to trade at 10,662 marks.
• Hong Kong’s Hang Seng down by 0.16% to 29,151 level.

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