The Asian equity benchmarks are trading up in the early deals on Tuesday, despite the absence of overnight cues from the US markets that were shut for a holiday. Investors treaded cautiously amid concerns about Greece's debt crisis. The Japanese market edged up after logging seven straight gains and closing at a fresh 15-year high on Monday. Among the other markets in the Asian region, Hong Kong, Shanghai, Indonesia, Japan, Malaysia and Taiwan are up marginally. Meanwhile, Singapore and South Korean market are down with modest losses.
Nikkei 225 increased 7.09 points or 0.03% to 20,420.86, Shanghai Composite spurt 78.93 points or 1.64% to 4,892.73, Hang Seng surged 398.80 points or 1.42% to 28,391.63, Taiwan Weighted gained 27.58 points or 0.29% to 9,672.75, FTSE Bursa Malaysia KLCI soared 4.89 points or 0.28% to 1,772.27 and Jakarta Composite was up by 50.13 points or 0.95% to 5,338.49.
On the flip side, Straits Times declined 2.37 points or 0.07% to 3,458.48 and KOSPI Index was down by 1.00 points or 0.05% to 2,145.10.