Most of the Asian equity benchmarks are trading higher in the early deals on Tuesday, with the positive cues overnight from Wall Street's buoying sentiment .The Japanese market rose to a one-week high following the overnight gains on Wall Street and on the back of a weaker yen. Investors are also keeping a close eye on the Reserve Bank of Australia, which will wrap up its monetary policy meeting and announce the decision on its benchmark interest rates later in the day. Among the other Asian markets, Shanghai, South Korea, Japan, Singapore, Indonesia, Malaysia and Taiwan are higher and Hong Kong market is closed for a holiday.
Nikkei 225 rose 246.76 points or 1.27% to 19,644.74, Taiwan surged 34.49 points or 0.36% to 9,634.81, FTSE Bursa Malaysia KLCI increased 9.70 points or 0.53% to 1,852.64, KOSPI Index strengthened 0.14 points or 0.01% to 2,046.57, Jakarta Composite spurt 30.70 points or 0.56% to 5,510.73, Straits Times jumped 16.55 points or 0.48% to 3,469.46 and Shanghai Composite was up by 69.56 points or 1.80% to 3,933.49.