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Asian Markets trade mostly higher in early deals on Wednesday

10 Mar 2021 Evaluate
Most of the Asian equity benchmarks traded higher in early deals on Wednesday, as the market sentiments got boosted with the bond yields holding back ahead of auctions in the coming days and greater momentum in vaccination drive. Technological stock rally in Wall street overnight also cheered the Asian market investors. Oil stocks eased after crude oil prices dropped overnight. Japan’s Nikkei extended its gains from the previous session, with the exporters higher tracking weaker yen currency. Among the other, Asian markets, Taiwan, Indonesia, Hong Kong, China and Malaysia are in green. Bucking the trend, Singapore and South Korea on lower note.

Nikkei 225 up by 68.39 points or 0.24% to 29,096.33, Hang Seng increased by 130.77 points or 0.45% to 28,904.00, Taiwan Weighted widened 38.82 points or 0.24% to 15,891.91, Jakarta Composite enlarged by 57.76 points or 0.93% to 6,257.41, Shanghai Composite rose by 22.55 points or 0.65% to 3,381.84 and FTSE Bursa Malaysia KLCI higher by 14.14 points 0.87% to 1,638.92.

On the flip side, Straits Times down by 29.09 points or 0.94% to 3,079.44, and KOSPI Index diminished 4.23 points or 0.14% 2,971.89.

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