Most of the Asian equity benchmarks are trading up in the early deals on Tuesday, due to the overnight gains on Wall Street and buoyed by optimism as China took steps to bolster its struggling real estate market. The Japanese market is in positive territory, from a sharp decline last week and on the back of a weaker yen. Among the other markets in Asia, Shanghai, South Korea, Indonesia, Malaysia, Taiwan and Hong Kong are marginally higher. Meanwhile, Singapore is down with modest losses.
Nikkei 225 rose 23.56 points or 0.12% to 19,434.96, Taiwan Weighted strengthened 44.70 points or 0.47% to 9,566.57, FTSE Bursa Malaysia KLCI added by 6.10 points or 0.33% to 1,827.93, KOSPI Index increased 6.38 points or 0.31% to 2,036.42, Jakarta Composite spurt 51.88 points or 0.95% to 5,490.53, Hang Seng jumped 116.49 points or 0.47% to 24,971.61, and Shanghai Composite was up by 4.24 points or 0.11% to 3,790.81.
On the flip side, Straits Times was down by 1.69 points or 0.05% to 3,451.79