Most of the Asian equity benchmarks are trading higher on Monday, despite the concerns about recent market volatility. The market sentiments got buoyed after coronavirus vaccine maker AstraZeneca agreed to increase supplies to Europe. Oil shares are easing catching up with the negative trend in crude oil on Friday trade. Gold is in positive trend. Japan’s Nikkei is rebounding after two straight sessional losses. Stock market in Japan is closed for a public holiday. Among the Asian markets, Japan, Hong Kong, Taiwan, China, Indonesia and South Korea are in positive note. Bucking the trend Singapore is trading lower.
Nikkei 225 up by 390.05 points or 1.41% to 28,053.44, Hang Seng increased by 538.90 points or 1.91% to 28,822.61, Taiwan Weighted widened 219.76 points or 1.45% to 15,358.07, KOSPI Index enlarged 67.19 points or 2.26% to 3,043.40, and Jakarta Composite lifted by 88.07 points or 1.50% to 5,950.42, and Shanghai Composite higher by 3.39 points or 0.10% to 3,486.46.
On the flip side, Straits Times dipped by 1.43 points or 0.05% to 2,901.09.
