Most of the Asian equity benchmarks are trading higher in the early deals on Tuesday as a combination of stabilizing Chinese markets, a rebound in oil prices and solid US consumption data drove investors to look for bargains after last week's rout. Meanwhile, Japan's Nikkei share average rose in choppy trade after posting a sharp rebound the previous day, with SoftBank Group Corp leading gains after investors took heart from its share buyback announcement. Among the other Asian markets, Singapore, Malaysia, Shanghai, Hong Kong, South Korea and Taiwan are higher. Bucking the trend, Indonesia is in negative territory.
Nikkei 225 added 209.62 points or 1.31% to 16,232.20, Hang Seng strengthen 310.41 points or 1.64% to 19,228.55, Taiwan Weighted surged 135.29 points or 1.68% to 8,201.80, KOSPI Index gained 27.96 points or 1.50% to 1,890.16, FTSE Bursa Malaysia KLCI spurt 11.68 points or 0.71% to 1,661.64, Straits Times increased 28.93 points or 1.11% to 2,636.83, and Shanghai Composite was up by 77.66 points or 2.83% to 2,823.86.
On the flip side, Jakarta Composite was down by 9.77 points or 0.21% to 4,730.95.
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