Asian markets are exhibiting mixed trend in the early deals on Tuesday, following the worries about global economic growth and rising geopolitical tensions in the Middle East weighed on investor sentiment. Some of the markets erasing early losses after the Chinese market advanced in volatile trade following the previous session's sell-off. Meanwhile, Japanese stocks swung between gains and losses as selling in China abated after Monday’s rout triggered a global market slide that sent the yen surging against the dollar. Among the other Asian markets, Malaysia, Shanghai, Indonesia and South korea are higher. Bucking the trend, Hong Kong, Singapore and Taiwan are in negative territory.
FTSE Bursa Malaysia KLCI surged 17.14 points or 1.04% to 1,670.51, Shanghai Composite strengthen 13.67 points or 0.41% to 3,309.92, Jakarta Composite increased 57.78 points or 1.28% to 4,583.70, and KOSPI Index was up by 12.97 points or 0.68% to 1,931.73.
On the flip side, Nikkei 225 declined 5.49 points or 0.03% to 18,445.49, Hang Seng dropped 3.64 points or 0.02% to 21,323.48, Straits Times slipped 1.81 points or 0.06% to 2,834.16, and Taiwan Weighted was down by 38.66 points or 0.48% to 8,075.60.