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Asian Markets trade mostly higher in early deals on Tuesday

14 Sep 2021 Evaluate
Most of the Asian equity benchmarks traded higher in early deals on Tuesday, with the increased risk appetite in the market counting higher crude oil rates and on some bargain hunting after prices dipped with the worries over continued contingency with the covid infections world-wide. Some gains remained trimmed as the market got cautious ahead to Federal Reserve meeting which might provide insights on the possible timing and scope of Fed 's roll back of accommodations. MSCI Inc’s Asia-Pacific index was up with the major advancement in energy stocks. Oil stocks were significantly higher. Technological stocks were down with some profit taking, while banking stocks advanced in the session. Japan’s Nikkei extended winning streak to third straight session amid optimism that the covid-19 infections in the country dropped to below the 5,000 mark for the first time since late July, and on hopes that new government will introduce new stimulus measures to stem the country. On the Global front, Wall street advanced was higher, rise in S&P 500 and Dow. While, the Nasdaq was lower. Among the Asian stocks, Japan, Singapore, Hong Kong, Taiwan South Korea, Indonesia, and China are in increasing trend. Bucking the trend, Hong Kong and Malaysia moved downwards.

Nikkei 225 up by 171.71 points or 0.56% to 30,602.56, Straight times rose by 14.88 points or 0.48% to 3,089.19, , Taiwan Weighted higher by 26.01 points or 0.15% to 17,472.32, Jakarta Composite climbed by 29.24 points 0.48 to 6,117.40, KOSPI increased by 33.99 points or 1.09% 3,161.85 and Shanghai Composite enlarged by 1.89 points or 0.05% to 3,717.26.

On the flip side, Hang Seng lower by 12.94 points or 0.05% to 25,800.87 and FTSE Bursa Malaysia KLCI down by 8.28 points or 0.53% to 1,561.85.

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