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Asian markets trade mostly higher in early deals on Tuesday

29 Sep 2020 Evaluate
Most of the Asian equity benchmarks are trading higher on Tuesday, extending gains of the previous session in line with positive cues from Wall Street as well as European stocks amid developments on a new US coronavirus relief bill. However, cautiousness ahead to the first US presidential debate limited some gains. Oil stocks are in higher side after crude oil rose overnight. Safe haven gold is also in positive territory. Japan’s Nikkei edged higher though opened lower with a softer yen, while investors awaited for cues from the first US presidential debate which is set to take place later today. Among the Asian markets, Japan, Singapore, Hong Kong, South Korea, Taiwan, China and Malaysia are in positive side. Bucking the trend, Indonesia is in negative territory.

Nikkei up by 33.78 points 0.14% to 23,545.40, Straits Times rose by 17.14 points 0.69% to 2,500.15, KOSPI Index lifted 19.03 points or 0.82% to 2,327.11, Taiwan Weighted increased 20.97 points 0.17% to 12,483.73, Jakarta Composite enlarged by 19.82 points or 0.40% to 4,926.37, Shanghai widened 10.22 points or 0.32% to 3,227.75,

On the flip side, Hang Seng decreased by 153.99 points or 0.66% to 23,322.06, and FTSE Bursa Malaysia KLCI down by 1.32 points or 0.09% to 1,510.34.

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