Most of the Asian equity benchmarks are trading higher on Monday, as the market sentiments got bolstered with the optimism that the potential covid vaccine will soon control the spiking covid infections and slumping world economy. Oil shares are in advancing mode with the positive crude oil rates in previous session. However, gains remained capped as the participants sidelined ahead to third quarterly US economic growth due on Wednesday. The Japanese market is closed for a holiday. Among the Asian markets, Singapore, South Korea, Taiwan, Indonesia, China and Malaysia are in positive side. Bucking the trend, Hong Kong is trading lower.
Straits Times up by 26.13 points 0.93% to 2,839.14, KOSPI Index higher 46.49 points 1.82% to 2,599.99, Taiwan Weighted decreased 132.94 points or 0.97% to 13,849.38, Jakrata Composite down by 49.51 points or 0.89% to 5,621.17, Shanghai Composite widened by 42.96 points or 1.27% to 3,420.69 and FTSE Bursa Malaysia KLCI enlarged by 1.29 points or 0.08% to 1,595.04.
On the flip side, Hang Seng rose by 31.80 points or 0.12% to 26,419.74.
