Asian equity benchmarks are trading mostly higher on Tuesday, in line with rebound in Wall Street overnight amid optimism that the geopolitical tensions will not have a major impact on the global economy. Moreover, technical buying after previous session losses also lifted market sentiments. Japan's Nikkei is in upward trend with a weaker yen. Among the Asian markets, South Korea, Singapore, Hong Kong, Shanghai and Malaysia are in positive trend. Bucking the trend, Taiwan and Indonesia are trading lower.
Nikkei 225 up 328.31 points or 1.41% to 23,533.17, Straits Times lifted 20.70 points or 0.64% to 3,239.56, Hang Seng rose 140.99 points or 0.50% to 28,367.18, KOSPI Index increased 17.57 points or 0.82% to 2,172.64, Shanghai climbed 11.03 points or 0.36% to 3,094.44 and FTSE Bursa Malaysia KLCI widened 13.39 points or 0.84% to 1,611.15.
On the flip side, Taiwan Weighted down 74.41 points or 0.62% to 11,878.95 and Jakarta Composite narrowed by 6.34 points or 0.10% to 6,251.06.
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