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Asian markets trade mostly higher in early deals on Tuesday

23 Jun 2015 Evaluate

Most of the Asian equity benchmarks are trading up in the early deals on Tuesday after a gauge of Chinese factory activity suggested signs of stabilization, and Greece's latest budget proposals raised hopes it would stave off a debt default and reach a deal with lenders later this week. The Japanese market gained as hopes grew that a deal would be reached to avoid Greece defaulting on loans, lifting recently fallen stocks such as banks. Among the other markets in the region, South Korea, Hong Kong, Singapore, and Taiwan are also higher. Meanwhile, Indonesia, Shanghai and Malaysia are down with modest losses.

Nikkei 225 jumped 318.85 points or 1.56% to 20,747.04, Hang Seng gained 93.51 points or 0.35% to 27,174.36, Taiwan Weighted added 59.43 points or 0.64% to 9,401.20, KOSPI Index surged 24.64 points or 1.20% to 2,079.80 and Straits Times was up by 15.86 points or 0.48% to 3,330.9.

On the flip side, Jakarta Composite declined 0.19 points to 4,959.07, Shanghai Composite slipped 109.21 points or 2.44% to 4,369.16 and FTSE Bursa Malaysia KLCI was down by 0.55 points or 0.03% to 1,732.21.

 


 

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