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Asian markets trade mostly higher in early deals on Monday

13 Apr 2015 Evaluate

Most of the Asian equity benchmarks are trading up in the early deals on Monday, following the positive lead from Wall Street on Friday. However, gains are muted, as the mood is somewhat cautious ahead of the corporate earnings news this week. The Chinese market rose with gains in Hong Kong fueled by expectations of more money flowing from the mainland. Among the other markets in the Asian region, Shanghai, South Korea, Singapore, Hong Kong, Taiwan and Malaysia are up with modest gains. Meanwhile, Indonesia is in negative territory.

Nikkei 225 increased 15.73 points or 0.08% to 19,923.36, Hang Seng gained 235.51 points or 0.86% to 27,507.90, FTSE Bursa Malaysia KLCI strengthen 1.24 points or 0.07% to 1,845.55, KOSPI Index jumped 4.26 points or 0.20% to 2,092.02, Shanghai Composite added by 60.41 points or 1.50% to 4,094.72, Taiwan Weighted rose 36.03 points or 0.37% to 9,653.73 and Straits Times was up by 11.48 points or 0.33% to 3,483.86.

On the flip side, Jakarta Composite was down by 29.50 points or 0.54% to 5,461.84.

 

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