Most of the Asian equity benchmarks are trading higher on Tuesday , as the market sentiments bolstered after Chinese manufacturing data surged to a near-decade high in August, signaling recovery from the coronavirus pandemic. The Caixin China purchasing managers index increased to 53.1 in August, up from 52.8 in July, its highest level since January 2011. Although oil stocks were in easing trend as crude oil plunged overnight. Japan's Nikkei edged higher though safe haven yen remained firm. Among the Asian markets, Japan, Hong Kong, China, South Korea and Malaysia are in firm trend. Bucking the trend, Taiwan, Singapore, and Indonesia are trading lower.
Nikkei 225 up by 5.39 points, 0.02% to 23,145.15, Hang Seng rose by 51.97 points or 0.21% to 25,229.02,Taiwan Weighted diminished 89.77 points or 0.71% to 12,681.22 KOSPI Index lifted by 26.10 points or 1.12% to 2,352.27,Shanghai up 2.35 points or 0.07% to 3,398.03, and FTSE Bursa Malaysia KLCI down by 2.54 points or 0.17% to 1,527.75.
On the flip side, Straits Times down by 15.01 points 0.59% to 2,517.50, and Jakarta Composite lowered by 1.05 points or 0.02% to 5,237.44.
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