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Asian Markets trade mixed in early deals on Tuesday

10 Aug 2021 Evaluate
Asian equity benchmarks traded mixed in early deals on Tuesday, with the steep correction in oil rates, worries over global economic health amid rapid spread of covid delta variant infections and the resultant fresh restrictions in several countries, including China. Even though better than expected US jobs data provided some support. While, market is keenly waiting for the US inflation data due on Wednesday for further clues on monetary policy outlook. Japan’s Nikkei is advancing after the long weekend, despite the concerns over the surge in the coronavirus's delta variant infections persists in the country. In economic news, Japan posted a current account surplus of 905.1 billion yen in June. Among the Asian stocks, Japan, Singapore, and Hong Kong and Malaysia are in positive territory. Bucking the trend, South Korea, Taiwan, Indonesia, and China are trading lower.

Nikkei 225 up by 50.88 points or 0.18% to 27,870.92, Straight times rose by 18.16 points or 0.57% to 3,195.34, Hang Seng enlarged by 76.32 points or 0.29% to 26,359.72, and FTSE Bursa Malaysia KLCI lifted by $6.93 points or 0.47% to 1,496.73

On the flip side, Taiwan Weighted down by 152.24 points or 0.87% to 17,332.91, and Jakarta Composite lower by 79.31 points 1.29% to 6,048.15, KOSPI dipped by 22.03 points or 0.68% to 3,238.39, Shanghai Composite narrowed by 4.89 points or 0.14% to 3,489.74.

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