Most of the Asian market indices are trading higher in early deals on Tuesday despite the negative cues overnight from Wall Street. Chinese stocks reversed losses and the yuan rose from a decade low after Donald Trump said the US could get a ‘great deal’ on trade with China. Among the other Asian markets, Nikkei, Taiwan, South Korea, Indonesia, and Malaysia are trading higher. Bucking the trend, Singapore, and Hong Kong are trading in red.
Nikkei 225 jumped 363.99 points or 1.69% to 21,513.79, FTSE Bursa Malaysia KLCI added 10.02 points or 0.60% to 1,693.75, Shanghai Composite gained 18.28 points or 0.71% to 2,560.38, KOSPI Shares increased 25.92 points or 1.28% to 2,021.97, and Jakarta Composite up by 29.61 points or 0.51% to 5,784.22.
On the flip side, Hang Seng declined 42.27 points or 0.17% to 24,769.77, Straits Times dropped 12.04 points or 0.41% to 2,969.50, and Taiwan Weighted down by 3.31 points or 0.03% to 9,513.01.
