All of the Asian markets are trading higher in early deals on Thursday, recovering from the sharp losses in the previous session, despite the weak cues overnight from Wall Street as well as lower commodity prices amid escalating US-China trade tensions. Meanwhile, Japan’s Nikkei share average rose as a weaker yen offered a temporary respite to trade war fears and lifted sentiment, while index-heavyweight SoftBank soared after a source said a US hedge fund took a $1 billion stake in it.
Nikkei 225 rose 286.82 points or 1.29% to 22,219.03, Hang Seng jumped 201.18 points or 0.71% to 28,512.87, Jakarta Composite gained 23.48 points or 0.40% to 5,916.84, Taiwan Weighted added 47.62 points or 0.44% to 10,724.46, KOSPI Index spurt 15.85 points or 0.69% to 2,296.47, Shanghai Composite surged 52.67 points or 1.86% to 2,830.44, FTSE Bursa Malaysia KLCI increased 4.99 points or 0.30% to 1,693.76, and Straits Times up by 3.44 points or 0.11% to 3,252.52.
