Most of the Asian equity benchmarks are trading up in the early deals on Tuesday, despite the weak cues from Wall Street after tech stocks extended losses overnight. Nevertheless, investors are cautious as they look ahead to the US Federal Reserve's monetary policy announcement due on Wednesday. Crude oil extended gains in Asian trades. Though, the Japanese market is lower following the weak cues overnight from Wall Street and a stronger yen. Among the other Asian markets, Shanghai, Malaysia, South Korea, Singapore, Hong Kong, Indonesia, and Taiwan are higher.
Hang Seng gained 133.83 points or 0.52% to 25,841.87, Taiwan Weighted increased 29.56 points or 0.29% to 10,139.52, KOSPI Index added 12.38 points or 0.53% to 2,370.25, Shanghai Composite rose 11.37 points or 0.36% to 3,151.25, Jakarta Composite spurt 8.7 points or 0.15% to 5,700.14, FTSE Bursa Malaysia KLCI gained 0.81 points or 0.05% to 1,789.70, and Straits Times was up by 10.41 points or 0.32% to 3,258.75.
On the flip side, Nikkei 225 was down by 12.27 points or 0.06% to 19,896.31.