Tuesday 14 June 2016

Asia Markets lower; ASX off 1.53%, Nikkei, Kospi Down

Asia markets fell on Tuesday, extending Monday's losses, following a lower finish in US stocks as investors looked ahead to central bank meetings in the US and Japan. Australian markets returned to trade after being shut for the Queen's Birthday public holiday on Monday. 

The benchmark ASX 200 was off 1.53 percent in early trade, weighed by more than 1 percent declines each in the energy, materials and financials sub-indexes. 

In Japan, the Nikkei 225 wavered between positive and negative territory before trading down 0.17 percent, after tumbling 3.51 percent on the back of a relatively stronger yen on Monday. 

The yen traded at 106.29 against the dollar at 8:09 a.m. HK/SIN, compared to levels around 105.83 on Monday afternoon local time. Across the Korean Strait, the Kospi fell 0.11 percent.

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