Most of the Asian equity benchmarks are trading up in the early deals on Tuesday as worries about North Korea and the potential damage from Hurricane Irma faded. Investors also digested news that the United Nation Security Council has approved new sanctions against North Korea on Monday for its latest missile and nuclear tests. Meanwhile, Japanese stocks climbed to near their highest in a month with all sectors rising after Wall Street soared overnight. Among the other Asian markets, Shanghai, South Korea, Singapore, Taiwan, Indonesia and Malaysia are all up with modest gains. Bucking the trend, Hong Kong is edging lower.
Nikkei 225 added 216.28 points or 1.11% to 19,762.05, Straits Times gained 4.54 points or 0.14% to 3,233.05, Taiwan Weighted strengthened 27.09 points or 0.26% to 10,599.25, Jakarta Composite increased 5.61 points or 0.1% to 5,877.49, KOSPI Index spurt 5.05 points or 0.21% to 2,364.13, Shanghai Composite rose 2.37 points or 0.07% to 3,378.79, and FTSE Bursa Malaysia KLCI was up by 2.22 points or 0.12% to 1,784.96.
On the flip side, Hang Seng was down by 2.14 points or 0.01% to 27,952.99.