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Asian markets trade higher in early deals on Tuesday

20 Aug 2019 Evaluate

Asian equity benchmarks are trading higher on Tuesday, owing to increased risk appetite among the market players after the concerns over the trade dispute between United States  and China eased following reports that the US allowed its companies to continue doing business with Chinese telecommunications giant Huawei for an additional 90 days. Dollar notched three-week high rate boosted the market sentiments. Meanwhile, traders are awaiting for more cues ahead to the minutes of the US Federal Reserve's last meeting as well as Fed Chair Jerome Powell's speech at the Jackson Hole symposium, to what the central bank may do next. Japan's Nikkei trading is in positive lead following positive cues from Wall Street overnight.

Nikkei 225 up 93.57 points or 0.46% to 20,656.73, Straits Times rose 10.40 points or 0.33% to 3,138.85, Hang Seng gained 2.24 points or 0.01% to 26,294.08, Taiwan Weighted rose 29.38 points or 0.28% to 10,518.13, KOSPI Index increased 16.08 points or 0.83% to 1,955.98, Jakarta Composite up 1.04 points or 0.02% to 6,297.76, Shanghai added 2.07 points 0.07% to 2,885.17, FTSE Bursa Malaysia KLCI higher 4.41 points or 0.28% to 1,600.86.

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