Most of the Asian equity benchmarks traded higher in early deals on Tuesday, cheered with the optimism across US Stock indices with the fresh hits in Nasdaq and the S&P 500. Technical buying after previous sessional losses also buoyed some stocks. Although, gains remained limited with the lockdowns and fresh restrictions on travel in several countries amid the spread of the highly contagious Covid-19 delta variant in Europe and Asia. Japan’s Nikkei traded slightly higher after previous session steep correction. However, ongoing covid surge in the region weighed on the sentiments. Among the Asian markets, Japan, Singapore, South Korea, Taiwan, Indonesia and China are trading higher. Bucking the trend, Hong Kong, and Malaysia are in negative territory
Nikkei 225 up by 6.80 points or 0.02% to 28,819.41, Straits Times rose 41.28 points or 1.34% to 3,130.77, Taiwan Weighted enlarged by 179.07 points or 1.02% to 17,780.45, Jakarta Composite widened by 47.92 points 0.81% to 5,996.97, KOSPI lifted 18.83 points or 0.57% to 3,305.51, and Shanghai Composite buoyed by 15.24 points or 0.43% to 3,588.42
On the flip side, Hang Seng lower by 45.35 points or 0.16% to 28,948.75, and FTSE Bursa Malaysia KLCI down by 5.64 points 0.36% to 1,542.67.
