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Asian markets trade mixed in early deals on Tuesday

24 Dec 2019 Evaluate

Asian equity benchmarks are trading mixed on Tuesday, with the subdued trading on Christmas Eve and on cautious outlook as Chinese, Japanese and South Korean leaders prepared to meet in China to talk about trade and politics. Meanwhile, investors’ sentiment got boosted with the positive cues from Wall Street overnight after China announced plans to lower tariffs on a range of products. Japan's Nikkei is edged higher ahead to the release of minutes of the Bank of Japan's monetary policy meeting held in October. Among the Asian markets, Japan, Singapore, Indonesia and Shanghai are in higher note. Bucking the trend, Hong Kong, Taiwan, South Korea, and Malaysia are in negative trend.

Nikkei 225 up 4.36 points 0.02% to 23,825.47, Straits Times rose 7.67 points or 0.24% to 3,221.67, Jakarta Composite lifted by 21.54 points or 0.34% to 6,305.91, and Shanghai increased 7.44 points or 0.25% to 2,970.19,

On the flip side, Hang Seng dropped 42.20 points or 0.15% to 27,864.21, Taiwan Weighted lost 34.85 points or 0.29% 11,987.38, KOSPI Index decreased 12.75 points or 0.58% to 2,190.96, and FTSE Bursa Malaysia KLCI narrowed by 6.51 points or 0.40% to 1,607.67.

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