Most of the Asian equity benchmarks are trading higher on Tuesday, as the firm cues from the Wall Street overnight boosted risk appetite in the Asian investors. The accelerated speed of vaccine rollout and optimistic views over US stimulus measures also lifted the sentiments in the market. Oil shares advanced with the overnight rebound in crude oil rates. Japan’s Nikkei is extending its winning streak to the second straight session lifted by the optimism with the corporate earnings both domestically and in the United States. However, gains remained capped with the news that the Japanese government is expected to extend a state of emergency for Tokyo and surrounding cities later in the day to curb a spike in coronavirus infections. Among the Asian markets, Japan, Singapore Hong Kong, Taiwan, China, Malaysia and South Korea are in positive note. Bucking the trend Indonesia is trading lower.
Nikkei 225 up by 233.34 points or 0.83% to 28,324.39, Straits Times rose by 20.08 points or 0.69% to 2,916.40, Hang Seng increased by 526.49 points or 1.82% to 29,419.35, Taiwan Weighted widened 387.18 points or 2.51% to 15,797.27, KOSPI Index enlarged 27.89 points or 0.91% to 3,084.42, Shanghai Composite higher by 19.14 points or 0.55% to 3,524.42, and FTSE Bursa Malaysia KLCI lifted by 12.29 points 0.78% to 1,578.69.
On the flip side, Jakarta Composite down by 1.73 points or 0.03% to 6,065.82.
