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Asian markets trade mostly higher in early deals on Tuesday

07 May 2019 Evaluate

Most of the Asian equity benchmarks are trading higher in the early deals on Tuesday, trimming some of the earlier session losses amid optimism that Chinese trade negotiators will travel to Washington this week despite Donald Trump's threat to hike tariffs. Japan's Nikkei index is in negative note while the yen strengthened after the negative cues overnight from Wall Street on rising US-China trade tensions. Among the other Asian markets, Hong Kong, Taiwan, Singapore, Indonesia and Malaysia are in positive lead. Bucking the trend, South Korea is in negative territory.

Hang Seng up 47.41 points or 0.16% to 29,257.23, Taiwan Weighted enlarge 91.11 points or 0.84% to 10,988.23, Shanghai Composite increased 9.41 points or 0.32% to 2,915.87, Jakarta Composite jumped 41.93 points or 0.67% to 6,298.28, FTSE Bursa Malaysia KLCI enhance by 7.32 points or 0.45% to 1,640.12, and Straits Times gained 6.39 points or 0.19% to 3,297.01.

On the flip side, Nikkei 225 down 334.94 points or 1.50% to 21,923.79, KOSPI Shares declined by 23.20 points or 1.06% to 2,173.12.