Asian shares in the red as markets turn cautious

Asian Market 1

Asian shares traded in negative territory on Monday as markets turned cautious, following the surprise hung parliament result from the UK election last Friday and as markets await the results of the first round of France’s parliamentary elections.

The Nikkei 225 was down by 0.64 percent and South Korea’s benchmark Kospi index fell 0.75 percent.

Markets in greater China opened in the red. Hong Kong’s Hang Seng Index was lower by 0.56 percent. The Shanghai Composite dipped 0.28 percent and the Shenzhen Composite was down by 0.635 percent.

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