KUALA LUMPUR: Asian markets were mixed in Wednesday's early trade as investors remained cautious following a downgrade on Spain's credit ranking.
Moody's Investors Service said late Tuesday it downgraded Spain's government bond ratings to A1 from Aa2. At 9.15am, the benchmark FTSE Bursa Malaysia KL Composite Index (FBM KLCI) was up 8.75 points to 1,448.69.
As for regional markets, Tokyo's Nikkei 225 was up 0.52% to 8,787.20 while Hong Kong's Hang Seng Index gained 1.61% to 18,367.38.
Shanghai's A index was down 0.01% to 2,383.33 while Taiwan's Taiex Index rose 0.27% to 7,379.29.
Seoul's Kospi Index gained 0.28% to 1,844.02, with Singapore's Straits Times Index gaining 0.71% to 2,744.08.
Nymex crude oil lost 10 cents to US$88.24 per barrel. Spot gold gained US$6.70 to US$1,664.55 per ounce. The ringgit was quoted at 3.116 to the US dollar.
Moody's Investors Service said late Tuesday it downgraded Spain's government bond ratings to A1 from Aa2. At 9.15am, the benchmark FTSE Bursa Malaysia KL Composite Index (FBM KLCI) was up 8.75 points to 1,448.69.
As for regional markets, Tokyo's Nikkei 225 was up 0.52% to 8,787.20 while Hong Kong's Hang Seng Index gained 1.61% to 18,367.38.
Shanghai's A index was down 0.01% to 2,383.33 while Taiwan's Taiex Index rose 0.27% to 7,379.29.
Seoul's Kospi Index gained 0.28% to 1,844.02, with Singapore's Straits Times Index gaining 0.71% to 2,744.08.
Nymex crude oil lost 10 cents to US$88.24 per barrel. Spot gold gained US$6.70 to US$1,664.55 per ounce. The ringgit was quoted at 3.116 to the US dollar.
