Asian equity benchmarks are trading higher in early deals on Tuesday after US stocks closed in green overnight for a second straight session. Markets are showing signs of stabilizing following last week’s brutal selloff that was triggered by worries over rising interest rates. Meanwhile, Japan’s Nikkei share average rebounded after suffering a sharp drop last week, as investors played catch-up after US shares rose on Monday, when markets were closed for a national holiday in Japan. The markets in Taiwan remained closed for a public holiday.
Nikkei 225 gained 34.54 points or 0.16% to 21,417.16, Shanghai Composite added 56.83 points or 1.8% to 3,210.96, Jakarta Composite rose 70.93 points or 1.09% to 6,594.38, Hang Seng jumped 642.67 points or 2.18% to 30,102.30, KOSPI Index strengthened 20.72 points or 0.87% to 2,406.10, FTSE Bursa Malaysia KLCI increased 2.11 points or 0.12% to 1,832.28 and Straits Times was up by 48.65 points or 1.44% to 3,433.63.
