Most of the Asian equity benchmarks are trading higher on Tuesday, in line with firm cues from European markets with the optimism over potential coronavirus vaccines, while the U.S. markets were closed for a public holiday. Market sentiments also boosted with the technical correction after previous session losses. Japan's Nikkei also rose despite bleak economy data, which contracted more than initially estimated in the second quarter. Among the Asian markets, Japan, South Korea, Taiwan, Singapore, Hong Kong China, Indonesia are in upward trend. Bucking the trend, Malaysia is lower.
Nikkei 225 up by 149.45 points, 0.65% to 23,239.40, Straits Times rose by 10.10 points 0.40% to 2,521.31, Hang Seng elevated by 4.05 points or 0.02% to 24,593.70, Taiwan Weighted lifted 63.82 points 0.51% to 12,665.22, KOSPI Index higher by 14.36 points or 0.60% to 2,398.58, Jakarta Composite increased by 8.34 points or 0.16% to 5,238.54, Shanghai widened 8.60 points or 0.26% to 3,301.19.
On the flip side, FTSE Bursa Malaysia KLCI narrowed by 15.23 points or 1.00% to 1,501.15.
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