Asian markets are exhibiting mixed trend in the early deals on Tuesday amid cautious trades as the historic meeting between US President Donald Trump and North Korean leader Kim Jong Un began in Singapore. Investors are also looking ahead to key central bank meetings this week. While the US Federal Reserve's two-day policy meeting begins later today, the European Central Bank and the Bank of Japan will hold their meetings on Thursday and Friday respectively. Meanwhile, China and Hong Kong stocks rose amid hopes that the closely-watched US-North Korea summit can pave the way towards ending a nuclear stand-off on the Korean peninsula. Among the other Asian markets, Taiwan, Malaysia, South Korea, and Singapore are lower. Bucking the trend, Japan is higher. The markets in Indonesia remained closed for Eid-Ul-Fitr holiday.
Taiwan Weighted dropped 23.04 points or 0.21% to 11,126.19, FTSE Bursa Malaysia KLCI slipped 7.18 points or 0.4% to 1,768.62, KOSPI Index dipped 2.17 points or 0.09% to 2,467.98, and Straits Times down by 3.84 points or 0.11% to 3,437.85.
On the flip side, Nikkei 225 added 84.04 points or 0.37% to 22,888.08, Shanghai Composite gained 14.03 points or 0.46% to 3,066.82, and Hang Seng up by 88.3 points or 0.28% to 31,152.00.
