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Asian Markets trade mixed in early deals on Thursday

25 Nov 2021 Evaluate

Asian equity benchmarks traded mixed in early deals on Thursday, as the short covering in the equities cheered with the positive trend in Wall Street offset by the pandemic resurgence worries, weaker crude oil rates and a firmer dollar. Meanwhile, traders also reacted followed by Bank of Korea’s decision to raise its policy rate by 25 basis points to 1%. Rally in technological and material sector stocks buoyed some of the indices, while dullness in financial and energy stocks saddled the sentiments. Japan’s Nikkei rebounded in the session with the positive cues from global markets amid hefty buy back in technological sector. Among the Asian stocks, Japan, Hong Kong, Indonesia, and Taiwan are in positive mode. Bucking the trend, Singapore, South Korea, China, and Malaysia are trading lower.

Nikkei 225 up by 219.71 points or 0.75% to 29,522.37, Hang Seng rose by 29.33 points or 0.12% to 24,714.83, Taiwan Weighted lifted by 30.80 points or 0.17 to 17,673.32, and Jakarta Composite widened by 36.55 points or 0.55% to 6,719.83.

On the flip side, Straight times dipped by 4.49 points or 0.14% to 3,222.66, KOSPI narrowed by 12.08 points or 0.40% to 2,982.21, Shanghai Composite fell by 3.52 points or 0.10% to 3,589.18, and FTSE Bursa Malaysia KLCI was down by 1.49 points or 0.10% to 1,520.78.

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