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Asian Markets trade higher in early deals on Tuesday

16 Feb 2021 Evaluate
Asian equity benchmarks traded higher in early deals on Tuesday, with the increased risk appetite in the market amid optimism of economic recovery and dip in covid cases. Besides, the faster rollout of COVID-19 vaccines across the world also lifted the markets. Oil shares advanced in the session while gold miners appeared to be mixed. Japan’s Nikkei extended gains to second straight session as the country prepares to start vaccinations against the coronavirus from Wednesday. However, investors remained side-lined as Japan will see December results for its tertiary industry index today.  The markets in Taiwan and China remain closed for the Lunar New Year holidays. Among the other Asian markets, Singapore, Hong Kong, South Korea, Indonesia and Malaysia are in positive trend.

Nikkei 225 up by 594.68 points or 1.98% to 30,678.83, Straits Times rose by 8.01points or 0.27% to 2,939.53, Hang Seng increased by 543.81 points or 1.80% to 30,717.38, KOSPI Index widened 11.62 points or 0.37% to 3,158.62, Jakarta Composite higher by 19.26 points or 0.31% to 6,289.58 and FTSE Bursa Malaysia KLCI lifted by 3.11 points 0.19% to 1,611.18.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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