Most of the Asian market indices are trading in green in early deals on Tuesday on reports said Beijing will cut taxes and keep monetary policy flexible to help weather China's slowdown. Meanwhile, Hong Kong and China stocks rise as investors bet that China was preparing to announce more policy stimulus. Though, some gains were capped on weak cues overnight from Wall Street. Among the other Asian markets, Nikkei, Singapore, Taiwan, South Korea, and Indonesia are higher. Bucking the trend, Malaysia is in negative territory.
Nikkei 225 rose 167.42 points or 0.82% to 20,527.12, Hang Seng surged 448.24 points or 1.70% to 26,746.57, Taiwan Weighted added 62.45 points or 0.64% to 9,770.67, Shanghai Composite increased 24.40 points or 0.96% to 2,560.17, Straits Times gained 40.86 points or 1.29% to 3,214.32, Jakarta Composite improved 21.14 points or 0.33% to 6,357.26, and KOSPI Shares up by 29.67 points or 1.44% to 2,094.19.
On the flip side, FTSE Bursa Malaysia KLCI down by 0.98 points or 0.06% to 1,675.18.
