Asian equity benchmarks are trading in green on Tuesday, whetted by the upbeat Chinese data and continued optimism on a swift global economic recovery with the progressing covid-vaccine. Moreover, technical buying after participants booked profits at the end of a record breaking month. Oil shares traded upward with the increased crude oil rates overnight. Japan’s Nikkei is rallying towards a 29 year high with the rise in exporters and on a weaker safe haven yen. Among the Asian markets, Japan, Hong Kong, Singapore, South Korea, Taiwan, Indonesia, China, and Malaysia are in positive note.
Nikkei 225 up by 348.06 points 1.32 % to 26,781.68, Hang Seng rose by 269.74 points or 1.02% to 26,611.23, Straits Times widened by 11.38 points or 0.41% to 2,817.33, KOSPI Index higher 44.89 points 1.73% to 2,636.23, Taiwan Weighted increased 133.95 points or 0.98% to 13,856.84, Jakarta Composite enlarged by 49.05 points or 0.87% to 5,661.47, Shanghai Composite lifted by 40.50 points or 1.19% to 3,432.26 and FTSE Bursa Malaysia KLCI buoyed by 40.76 points or 2.61% 1,603.47.
