Most of the Asian equity benchmarks are trading higher in early deals on Tuesday, as the market sentiments got kindled by the positive vaccine news, ahead of stronger earnings this year which will likely boost Asian markets. As per data released China's economy gained further momentum towards the end of 2020. Meanwhile investors awaited for more optimistic news from US Treasury Secretary nominee Janet Yellen on US stimulus at the Senate confirmation hearing later today. Oil shares in the session are in negative note and gold miners in mixed trend. Japan’s Nikkei is advancing and have marked the peak of of 28,669.87 in early trades with the higher exports amid weaker yen. Among the Asian markets, Japan, Singapore, Hong Kong, Taiwan, South Korea, and Malaysia are in positive territory. Bucking the trend, Indonesia, and China trade lower.
Nikkei 225 up by 435.43 points or 1.54% to 28,677.64, Straits Times rose by 13.10 points or 0.44% to 3,003.50, Hang Seng increased by 889.32 points or 3.08% to 29,752.09, and Taiwan Weighted added 285.62 points or 1.83% to 15,897.62, KOSPI Index enlarged 92.58 points or 3.07% to 3,106.51 , and FTSE Bursa Malaysia KLCI widened by 2.78 points 0.17% to 1,612.30.
On the flip side, Jakarta Composite slipped 34.31 points or 0.54% to 6,352.38, and Shanghai Composite lower by 2.00 points or 0.06% to 3,594.22.
