Most of the Asian equity benchmarks are trading up in the early deals on Tuesday, with investor sentiment bolstered by the overnight gains on Wall Street and the stabilization in crude oil prices as Kuwait oil workers went on strike. Meanwhile, the Japanese market is higher, as weaker yen and a bounce in oil prices helped the market erase a sharp drop from the previous day. Among the other markets in the Asian region, Shanghai, South Korea, Hong Kong, Indonesia and Singapore are up with modest gains While, Taiwan, and Malaysia is lower.
Nikkei 225 surged 526.64 points or 3.24% to 16,802.59, Hang Seng strengthen 124.98 points or 0.59% to 21,286.48, KOSPI Index added 0.01 points or 0.25% to 2,009.35, Shanghai Composite jumped 1.43 points or 0.05% to 3,035.09, Jakarta Composite spurt 3.47 points or 0.07% to 4,869.00 and Straits Times was up by 16.00 points or 0.57% to 2,933.84.
On the flip side, Taiwan Weighted dipped 0.33 points or 28.93 % to 8,638.21, and FTSE Bursa Malaysia KLCI was down by 7.80 points or 0.45% to 1,709.88.