Most of the Asian equity benchmarks are trading higher on Monday, on account of fresh hopes for trade negotiations between US and China, and as President Donald Trump's comments dismissed worries about a recession, and touted a strong economy. Furthermore, optimism about stimulus by global central banks to prevent a global recession boosted market sentiments. Japan's Nikkei is trading in positive lead following strong cues from US stocks amid a rebound in US Treasury yields. Among the other Asian markets, Singapore, South Korea, Taiwan, Indonesia Shanghai, and Hong Kong are trading higher. Bucking the trend, Malaysia is in negative territory.
Nikkei 225 up 130.44 points or 0.64% to 20,549.25, Straits Times rise 16.95 points or 0.54% to 3,131.98, Hang Seng widen 482.01 points or 1.87% to 26,216.23, Taiwan Weighted hike 84.90 points or 0.81% to 10,505.79, KOSPI Index increases 10.74 points or 0.56% to 1,937.91, Jakarta Composite peaked by 9.52 points or 0.15% to 6,296.18, Shanghai rise 41.50 points 1.47% to 2,865.32,
On the flip side, FTSE Bursa Malaysia KLCI down 0.69 points or 0.04% to 1,598.53
