Asian market indices are trading higher in early deals on Thursday, following overnight rally on Wall Street, which recorded its best performance in nine years, and the sharp rebound in crude oil prices. Moreover, US consumer spending data and easing worries about the tenure of Federal Reserve Chairman Jerome Powell boosted investor sentiments. The benchmark Nikkei extended gains from the previous session following the overnight rally on Wall Street and on a weaker yen. It registered the key 20,000 mark. On the economic front, the investors eye on the impending Japanese November data for housing starts and construction orders.
Nikkei 225 rise 834.59 points or 4.32% to 20,161.65,Hang Seng up 111.17 points or 0.43% to 25,762.55, Straits Times jumped 58.78 points or 1.95% to 3,069.93, Taiwan Weighted improve 185.46 points or 1.96% to 9,664.45, Shanghai Composite higher by 14.06 points or 0.56% to 2,512.35, KOSPI Shares increased 0.60 points or 0.03% to 2,028.61, Jakarta Composite rise 43.37 points or 0.71% to 6,171.22, and FTSE Bursa Malaysia KLCI up by 12.65 points or 0.76% to 1,685.25.
