The Asian markets have made a mixed start with some of the indices showing cut of around half a percent. There was disappointment with Fed not announcing any stimulus measure. Though, US Fed did not came up with any major changes but assured that it will pump fresh stimulus if necessary, traders were now hopeful that the European Central Bank will do more to contain the debt crisis. Gain in commodity was supporting the Japanese markets, which was leading the Asian pack with gain of about half a percent. Meanwhile, Singapore reported better-than-expected export data for June. Its non-oil domestic exports rose 6.8 per cent in June from a year earlier, while its domestic exports of electronics edged 1.6 per cent higher in June from a year ago.
Shanghai Composite was down by 5.30 points or 0.25% to 2,118.06, Hang Seng lost 128.11 points or 0.65% to 19,692.27, Jakarta Composite lost 4.07 points or 0.11% to 4,126.58, Straits Times was down by 10.11 points or 0.30% to 3,041.42, Kospi Composite was down by 1.59 points or 0.08% to 1,878.97and Taiwan Weighted was lower by 2.53 points or 0.03% to 7,267.96.
On the other hand Nikkei 225 was up by 27.69 points or 0.32% to 8,669.54 and KLSE Composite was marginally up by 0.05 points to 1,632.50.