Most of the Asian equity benchmarks are trading in green in the early deals on Tuesday as the overnight gains on Wall Street as well as positive economic data from Germany and the US helped investors shrug off worries over political uncertainty in Germany. Japan’s Nikkei share surged after large cap stocks such as automakers and manufacturers of factory automation equipment rallied, with North Korea tensions supporting defense-related shares. Among the other Asian markets, South Korea, Singapore, Hong Kong, Malaysia and Taiwan are higher. Bucking the trend, Indonesia is in negative territory.
Nikkei 225 added 210 points or 0.94% to 22,471.76, Hang Seng strengthened 359.49 points or 1.23% to 29,619.80, Shanghai Composite gained 13.43 points or 0.4% to 3,405.83, Taiwan Weighted rose 91.92 points or 0.86% to 10,756.47, FTSE Bursa Malaysia KLCI surged 1.85 points or 0.11% to 1,720.21, KOSPI Index increased 2.62 points or 0.1% to 2,530.29, and Straits Times was up by 35.44 points or 1.05% to 3,422.03.
On the flip side, Jakarta Composite was down by 20.59 points or 0.34% to 6,032.69.