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Asian markets trade higher in early deals on Monday

14 Oct 2019 Evaluate

Asian equity benchmarks are trading higher on Monday, on account of the increased investments in the market amid optimistic reports that the US and China have reached a partial trade deal that includes up to $40 billion to $50 billion in Chinese purchases of US agricultural products as well as Chinese concessions on intellectual property and financial services. Japan's Nikkei is closed for Health-Sports Day. Among the other Asian markets, Hong Kong, Taiwan, Indonesia, Shanghai, Singapore, South Korea and Malaysia are in positive lead.

Straits Times climbed 11.09 points or 0.36% to 3,125.06, Hang Seng increased 269.97 points or 1.03% to 26,578.41, Taiwan Weighted down 175.51 points or 1.61% to 11,065.47, KOSPI Index enlarged 27.71 points or 1.36% to 2,072.32, Jakarta Composite widened by 24.78 points or 0.41% to 6,130.58, Shanghai rose 41.06 points 1.38% to 3,014.72, and FTSE Bursa Malaysia KLCI widened 9.19 points or 0.59% to 1,566.03.
 

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