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Asian markets trade higher in early deals on Tuesday

24 Jul 2018 Evaluate

All the Asian markets are trading in green terrain in early deals on Tuesday, led by better-than-expected US corporate earnings and a lack of bad news on trade tensions. Meanwhile, Japan’s Nikkei share average bounced modestly, trimming some sharp losses from the previous day as the yen’s rally stalled and provided some relief to investors worried about the currency’s impact on exporters’ earnings.

Nikkei 225 rose 126.17 points or 0.56% to 22,523.16, KOSPI Index gained 12.90 points or 0.57% to 2,282.21, Shanghai Composite jumped 45.39 points or 1.56% to 2,904.93, Hang Seng surged 419.90 points or 1.46% to 28,676.02, Taiwan Weighted added 20.94 points or 0.19% to 10,967.83, FTSE Bursa Malaysia KLCI increased 4.81 points or 0.27% to 1,762.77, Jakarta Composite spurt 17.66 points or 0.30% to 5,933.46, and Straits Times up by 10.16 points or 0.31% to 3,303.87.