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Asian markets trade mostly higher in early deals on Monday

15 Jan 2018 Evaluate

Most of the Asian equity benchmarks are trading up in the early deals on Monday, tracking the record closing highs on Wall Street Friday, a weaker US dollar and higher commodities prices. Optimism about corporate earnings and global economic growth buoyed investors’ sentiments. Meanwhile, Japan’s Nikkei share average tracked a rise in global equities, although the dollar’s weakening against the yen capped gains. Among the other Asian markets, South Korea, Singapore, Hong Kong, Taiwan, Indonesia and Malaysia are also higher. Bucking the trend, Shanghai is edging lower.

Nikkei 225 gained 81.6 points or 0.34% to 23,735.42, Hang Seng rose 178.43 points or 0.57% to 31,590.97, Taiwan Weighted strengthen 46.1 points or 0.42% to 10,930.06, KOSPI Index added 9.56 points or 0.38% to 2,505.98, Jakarta Composite increased 7.93 points or 0.12% to 6,378.00, FTSE Bursa Malaysia KLCI spurt 4.32 points or 0.24% to 1,826.99, and Straits Times was up by 14.30 points or 0.41% to 3,534.86.

On the flip side, Shanghai Composite was down by 1.73 points or 0.05% to 3,427.21.


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