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Asian markets trade mostly higher in early deals on Tuesday

05 Nov 2019 Evaluate

Most of the Asian equity benchmarks are trading higher on Tuesday on account of developments surrounding hopes of a phase one trade deal between United States and China. As per reports, US is considering to remove some existing tariffs on imports of Chinese goods as a step to reach an initial deal with China that would resolve the ongoing trade war between these nations. Japan's Nikkei is trading higher amid optimism revolving around the US-China trade deal. Among the Asian markets, Singapore, Hong Kong, South Korea, Taiwan, Shanghai and Indonesia are in positive note.  Bucking the trend, Malaysia is in negative territory.

Nikkei 225 up 474.66 points 2.08% to 23,325.43, Straits Times enhanced 9.99 points or 0.31% to 3,246.39, Hang Seng increased 147.19 points or 0.53% to 27,694.49, Taiwan Weighted rose 40.45 points or 0.35% to 11,597.30, KOSPI Index widened 6.75 points or 0.32% to 2,136.99, Jakarta Composite rose by 38.50 points or 0.62% to 6,218.84, and Shanghai was up by 20.17 points 0.68% to 2,995.66.

On the flip side, FTSE Bursa Malaysia KLCI was down by 3.84 points or 0.24% to 1,599.72.

 

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