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Asian markets trade mostly higher in early deals on Tuesday

27 Aug 2019 Evaluate

 Most of the Asian equity benchmarks are trading higher on Tuesday as the market cheered with renewed optimism on trade deal between US and China, and boosted the so-called risk-off trades. The green back climbed up and the gold miners marked considerably lower, buoying the market sentiments. The Japan's Nikkei is in positive lead and the safe-haven yen weakened following the overnight gains on Wall Street. Among the other Asian markets, South Korea, Indonesia Shanghai, Hong Kong, Singapore and Taiwan are advancing. Bucking the trend, Malaysia is trading lower.

Nikkei 225 rose 246.89 points or 1.22% to 20,507.93, Straits Times up 6.27 points or 0.20% to 3,071.60, Hang Seng enlarged 26.81 points or 0.10% to 25,707.14, Taiwan Weighted gained 41.74 points or 0.40% to 10,396.31, KOSPI Index increased 11.88 points or 0.62% to 1,928.19, Shanghai climbed 48.05 points 1.68% to 2,911.62, and Jakarta Composite higher 53.13 points or 0.85% to 6,267.64. 

On the flip side, FTSE Bursa Malaysia KLCI lower 3.94 points or 0.25% to 1,596.59.

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