Most of the Asian equity benchmarks traded higher in early deals on Tuesday, lifted by the positive cues from Wall Street overnight. However, gains got trimmed with the caution ahead to Wednesday's policy announcement from the US Federal Reserve and on looming covid situation in the region. Technological stocks are mostly in green in the session while banking stocks are mostly lower. South Korea’s Kospi marked highest gain in the session with the gain of shares in industry heavyweight. While, Japan’s Nikkei traded lower in the session, due to profit booking after two straight sessional gains and on anxiousness about Prime Minister Fumio Kishida's approach in addressing economic recovery from the pandemic and further fiscal stimulus measures. Meanwhile, major European indices were higher in the session. Among the Asian stocks, Hong Kong, Singapore, South Korea, Taiwan and Malaysia are in positive side. Bucking the trend, Japan, Indonesia and China trading in downward trend.
KOSPI buoyed by 40.82 points or 1.37% to 3,019.76, Hang Seng lifted by 185.01 points or 0.74% to 25,339.33, Straight times rose by 2.94 points or 0.09% to 3,221.99, Taiwan Weighted buoyed by 4.21 points or 0.02% to 17,072.45, and FTSE Bursa Malaysia KLCI enlarged by 5.05 points or 0.33% to 1,535.97.
On the flip side, Nikkei 225 down by 159.29 points or 0.54% to 29,487.79, Jakarta Composite narrowed by 28.47 points or 0.43% to 6,524.42, and Shanghai Composite dipped by 22.15 points or 0.62% to 3,522.33.
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