Most of the Asian equity benchmarks are trading in green in the early deals on Tuesday, amid reports that the US will extend a temporary reprieve for an export ban to China’s Huawei Technologies Co. However, stocks limited gains with the negative cues from Wall Street with the concerns about the escalating US-China trade dispute after Google suspended some of its business with Chinese tech giant Huawei. Japanese Nikkei index is in negative trend with the safe heaven yen trading higher and major exporters mixed. Among the other Asian markets, Hong Kong, Shanghai, South Korea, Taiwan, Indonesia and Malaysia are in positive territory. Bucking the trend, Singapore is in negative trend.
Hang Seng rose 41.82 points or 0.15% to 27,829.43,Taiwan Weighted higher by 70.98 points or 0.68% to 10,469.39, KOSPI Shares jump 17.10 points or 0.83% to 2,072.81, Jakarta Composite enlarge 56.25 points or 0.95% to 5,963.37, Shanghai Composite up by 43.62 points or 1.52% to 2,914.22. And FTSE Bursa Malaysia KLCI rises by 6.41 points or 0.40% to 1,611.77.
On the flip side, Nikkei 225 down 49.61 points or 0.23% to 21,252.12, and Straits Times dips by 11.89 points or 0.37% to 3,193.57.
