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Asian markets trade higher in early deals on Tuesday

17 Dec 2019 Evaluate

Asian equity benchmarks are trading higher on Tuesday, following firm cues from US stock indices overnight after the US and China finally reached an agreement on a phase one trade deal last week. Japan's Nikkei is in positive lead with weaker safe-haven yen. Among the Asian markets, Hong Kong, Taiwan, Taiwan, South Korea, Indonesia, and Shanghai are in positive lead. Bucking the trend, Singapore and Malaysia are in lower note.

Nikkei 225 up 103.81 points 0.43% to 24,056.16, Hang Seng lifted 325.22 points or 1.18% to 27,833.31, Taiwan Weighted increased 119.07 points or 1.00% to 12,058.84, KOSPI Index widened 24.87 points or 1.15% to 2,193.02, Jakarta Composite jumped by 1.38 points or 0.02% to 6,212.97, and Shanghai enlarged 28.86 points or 0.97% to 3,013.25

On the flip side, Straits Times dip 1.35 points or 0.04% to 3,204.74 and FTSE Bursa Malaysia KLCI narrowed by 2.38 points or 0.15% to 1,566.97.

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