Today’s Asian Market Health Lower in Early trade – Capital Height

The market breadth, indicating the overall health of the market, was negative. Except BSE Power index, all the other sectoral indices on BSE were in the red. In the foreign exchange market, the rupee edged lower against the dollar on speculation a US budget agreement will boost prospects for the Federal Reserve to start tapering its monetary stimulus for the US economy.

Asian stocks slipped to a four-week low on Thursday, 12 December 2013, on heightened expectations the Federal Reserve may act sooner than later to unwind its stimulus after a provisional budget deal in Washington eased some of the fiscal drag on the US economy.

•           Hong Kong’s Hang Seng was down 0.11 percent or 25.26 points at 23,312.98.

•          Japan’s Nikkei slipped 1.16 percent or 179.67 points at 15,335.39.

•          Singapore’s Straits Times fell 0.33 percent or 10.23 points at 3,050.51.

•          South Korea’s Seoul Composite shed 0.57 percent or 11.23 points at 1,966.74.

•          Taiwan’s Taiwan Weighted declined 0.45 percent or 37.55 points at 8,396.22.

•          China’s Shanghai Composite was flat at 2,206.19.

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