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Asian markets trade mostly higher in early deals on Tuesday

03 Oct 2017 Evaluate

Most of the Asian equity benchmarks are trading up in the early deals on Tuesday, tracking the positive cues overnight from Wall Street and upbeat US economic data that boosted optimism about global economic growth. Meanwhile, Japanese stocks hit fresh two-year highs tracking a Wall Street rally as data pointed to underlying strength in the US economy, while a weaker yen also helped overall sentiments. Among the other Asian markets, Hong Kong, Indonesia, Taiwan and Malaysia are higher. Bucking the trend, Singapore is in negative territory. The markets in South Korea and China remain closed all week, for the Harvest Festival and National Day, respectively.

Nikkei 225 added 181.11 points or 0.89% to 20,581.89, Hang Seng gained 449.5 points or 1.63% to 28,003.80, Jakarta Composite increased 15.57 points or 0.26% to 5,929.60, Taiwan Weighted rose 12.38 points or 0.12% to 10,477.54, and FTSE Bursa Malaysia KLCI was up by 2.47 points or 0.14% to 1,757.25.

On the flip side, Straits Times was down by 27.83 points or 0.85% to 3,234.27.

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