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Asian markets trade mostly higher in early deals on Tuesday

10 Jul 2018 Evaluate

Most of the Asian markets traded higher in early deals on Tuesday, following the positive cues overnight from Wall Street as optimism about the upcoming corporate earnings season helped offset worries about rising trade tensions between the US and China. Japan’s Nikkei share average rose to a 1-1/2-week high, thanks to a solid Wall Street performance, while Yahoo Japan surged on news that SoftBank Group would buy roughly $2 billion worth of its shares through a subsidiary. Though, China stocks slipped after a strong rebound the previous session, as trade war fears lingered. Among the other Asian markets, Singapore, Hong Kong, Taiwan, South Korea, Malaysia and Indonesia are higher.

Nikkei 225 added 203.88 points or 0.92% to 22,256.06, Straits Times jumped 43.41 points or 1.33% to 3,272.23, Hang Seng rose 118.59 points or 0.41% to 28,807.09, Taiwan Weighted gained 9.38 points or 0.09% to 10,729.66, KOSPI Index spurt 10.56 points or 0.46% to 2,296.36, FTSE Bursa Malaysia KLCI increased 8.28 points or 0.50% to 1,680.91, and Jakarta Composite up by 55.56 points or 0.95% to 5,862.94.

On the flip side, Shanghai Composite was down by 1.40 points or 0.05% to 2,813.71.

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