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Asian markets trade mixed in early deals on Tuesday

12 Jan 2021 Evaluate
Asian equity benchmarks are trading mixed in early deals on Tuesday, in a choppy trade weighed down by the worries over the surging coronavirus cases around the globe. The market sentiments also got dulled on caution after House Democrats introduced an article of impeachment against U.S. President Donald Trump. Japan’s Nikkei, which resumed trading after a holiday in the previous session, is in advancing side despite negative cues from Wall street overnight. Among the Asian markets, Japan, Hong Kong, Indonesia, and China are in positive territory. Bucking the trend, Singapore, Taiwan, South Korea and Malaysia are in downward trend.

Nikkei 225 up by 97.09 points or 0.35% to 28,236.12, Hang Seng increased by 202.94 points or 0.73% to 28,111.16, Jakarta Composite added 13.10 points or 0.21% to 6,396.04, and Shanghai Composite curtailed by 40.54 points or 1.15% to 3,572.04.

On the flip side, Straits Times down by 10.44 points or 0.35% to 2,973.46, Taiwan Weighted lower 56.60 points or 0.36% to 15,500.70, KOSPI Index diminished 45.96 points or 1.46% to 3,102.49, and FTSE Bursa Malaysia KLCI slipped by 11.77 points 0.73% to 1,605.48.