Most of the Asian equity benchmarks are trading up in the early deals on Tuesday, shrugging off early losses as Chinese shares stabilized a day after marking their biggest loss in a month and crude prices took back some lost ground. Meanwhile, Japanese shares rose for a second day on light volume as agricultural stocks and drugmakers led the advance. Among the other Asian markets, Hong Kong, Shanghai, Singapore, Indonesia, and Malaysia are all in positive territory. Bucking the trend, South Korea, and Taiwan are lower.
Nikkei 225 added 112.99 points or 0.60% to 18,986.34, Hang Seng gained 69.59 points or 0.32% to 21,989.21, FTSE Bursa Malaysia KLCI surged 7.35 points or 0.44% to 1,678.08, Shanghai Composite strengthen 6.09 points or 0.17% to 3,539.87, Straits Times increased 10.64 points or 0.37% to 2,885.96, and Jakarta Composite was up by 6.75 points or 0.15% to 4,564.10.
On the flip side, KOSPI Index declined 1.49 points or 0.08% to 1,962.57, and Taiwan Weighted was down by 64.95 points or 0.78% to 8,293.54.