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Asian markets trade mostly higher in early deals on Tuesday

12 Mar 2019 Evaluate

Most of the Asian equity benchmarks are trading in green in the early deals on Tuesday as investors’ sentiment got boost amid reports that UK Prime Minister Theresa May struck a Brexit deal with the European Union (EU) just ahead of a vote in the British parliament later today. Japanese shares rose, lifted by a tech-led rally on Wall Street and as a further weakening in the yen supported exporter stocks. Among the other Asian markets, Singapore, South Korea, Hong Kong, Shanghai, Malaysia and Taiwan are higher. Bucking the trend, Indonesia is lower.

Nikkei 225 surged 408.80 points or 1.94% to 21,533.89, Straits Times gained 31.00 points or 0.97% to 3,222.42, KOSPI Shares increased 18.27 points or 0.85% to 2,156.37, Hang Seng jumped 415.76 points or 1.46% to 28,919.06, Shanghai Composite rose 48.70 points or 1.61% to 3,075.69, FTSE Bursa Malaysia KLCI added 7.84 points or 0.47% to 1,672.47, and Taiwan Weighted up by 118.91 points or 1.16% to 10,369.19.

On the flip side, Jakarta Composite was down by 1.15 points or 0.02% to 6,365.28.

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