Asian markets trade mostly higher in early deals on Tuesday

02 Mar 2021 Evaluate
Most of the Asian equity benchmarks traded higher in early deals on Tuesday, cheered by the positive trend in Wall Street and as the clam in of bond yields after recent wild run eased concerns about the outlook for interest rates. However some profit booking took off recent gains. Oil shares are in lower note with the weaker crude oil rates overnight. Japan’s Nikkei retreated after previous session’s steep gains, despite a weaker yen. Among the other Asian markets, Singapore, Taiwan, Indonesia, South Korea, and Malaysia are trading higher. Bucking the trend, Japan, Hong Kong, and China traded lower.

Straits Times rose by 7.71 points or 0.26% to 2,980.71, Taiwan Weighted widened 139.53 points or 0.87% to 16,093.33, KOSPI Index enlarged 31.21 points or 1.04% to 3,044.16,  Jakarta Composite buoyed by 6.25 points or 0.10% to 6,344.76, and FTSE Bursa Malaysia KLCI up by 6.24 points 0.40% to 1,573.38

On the flip side, Nikkei 225 down by 204.58 points or 0.69% to 29,458.92, Hang Seng decreased by 193.94 points or 0.66% to 29,258.63, and Shanghai Composite dipped by 35.11 points or 0.99% to 3,516.29.

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