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Most of Asian markets trade higher in early deals on Tuesday

31 Mar 2020 Evaluate

Most of the Asian equity benchmarks are trading higher in early deals on Tuesday amid the overnight gains on Wall Street along with release of data from China that showed the country's manufacturing sector moved back into expansion in March. Moreover, the announcement of additional stimulus measures by the Australian government coupled with release of upbeat economic data from Japan too supported the investor sentiment. Japan's Nikkei is trading lower amid fears of coronavirus pandemic and a possibility of adoption of lockdown measures in Tokyo. Among the Asian markets, Taiwan, South Korea, Indonesia, Singapore, Shanghai, Hong Kong and Malaysia are trading in green.

Straits Times up 41.95 points or 1.74% to 2,458.19, Hang Seng climbed 146.81 points or 0.63% to 23,321.92, Jakarta Composite increased to 75.20 points or 1.70% to 4,489.70, Shanghai up by 3.70 points or 0.13% to 2,750.91, Taiwan Weighted increased 24.99 points or 0.26% to 9,654.42, KOSPI Index jumped by 12.04 points or 0.70% to 1,729.16 and FTSE Bursa Malaysia KLCI up by 8.55 points or 0.64% to 1,337.43.

On the flip side, Nikkei 225 down 147.59 points or 0.77% to 18,937.38.

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