Asian equity benchmarks are trading higher in early deals on Monday, joining a global recovery for equity markets as sentiments improved gradually from a recent shakeout that stemmed from fears of creeping inflation and higher borrowing costs. Meanwhile, Japan’s Nikkei share average rose to a 1-1/2-week high as exporters took advantage of a pullback in the yen, while market heavyweights such as Fanuc and Fast Retailing helped boost the benchmark index. Markets in China, Hong Kong and Taiwan remain closed.
Nikkei 225 rose 362.03 points or 1.67% to 22,082.28, Jakarta Composite increased 60.57 points or 0.92% to 6,652.16, KOSPI Index gained 21.57 points or 0.89% to 2,443.40, FTSE Bursa Malaysia KLCI added 16.88 points or 0.92% to 1,855.16, and Straits Times was up by 35.62 points or 1.03% to 3,479.13.
