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Asian Markets trade mostly higher in early deals on Wednesday

01 Sep 2021 Evaluate
Most of the Asian equity benchmarks traded higher in early deals on Wednesday, though most of it opened in red. Market sentiments got buoyed with the upbeat US corporate profits and on optimism the US Federal Reserve will remain dovish as the delta covid 19 infections continue to pressure the global economic health. Japan’s Nikkei advanced modestly as risk appetite in the market got boosted followed by the continued rise in the manufacturing sector of the country in August. Exports in the country picked up with a weaker local currency yen. On the Global Front, Wall street ended lower, mainly weighed down by the technological sector stocks. The Dow, the Nasdaq and the S&P 500 marked slight losses. The major European markets also in downward trend. Among the Asian stocks, Japan, Singapore, South Korea, Hong Kong, Taiwan, and China are trading higher. Bucking the trend, Indonesia and Malaysia are in downward trend

Nikkei 225 up by 316.11 points or 1.13% to 28,405.65, Straight times rose by 33.08 points or 1.08% to 3,088.13, Hang Seng lifted by 159.36 points or 0.62% to 26,038.35, Taiwan Weighted enlarged by 1.51 points or 0.01% to 17,491.80, KOSPI widened by 20.01 points or 0.64% to 3,164.20, Shanghai Composite increased 30.62 points or 0.86% to 3,574.56.

On the flip side, Jakarta Composite lower by 44.64 points 0.73% to 6,105.66, and FTSE Bursa Malaysia KLCI down by $ 9.32 points or 0.58% to 1,592.06.

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