Most of the Asian equity benchmarks traded higher in early deals on Tuesday, kindled by some bargain hunting after previous session losses with the looming concerns over accelerating spread of Omicron coronavirus worldwide, and fresh lock downs to contain it. Huge rally in technical sector and positive financial stocks lifted the indices higher. Energy stocks were also in advancing side. Japan’s Nikkei rebounded from sharp correction of the previous session, despite negative cues from Wallstreet overnight. Nikkei led gain among Asian indices, with its top performers CanBas Co which rose about 28.74%, and Realworld Inc up by 19.37%. Among the Asian stocks, Japan, Singapore, Taiwan, South Korea, Hong Kong, South Korea, Indonesia, and China are in upsurge. Bucking the trend Malaysia is slightly lower.
Nikkei 225 up by 537.13 points or 1.92% to 28,474.94, Straight times rose by 17.02 points or 0.55% to 3,089.99, Hang Seng hiked by 147.64 points or 0.65% to 22,892.50, Taiwan Weighted lifted by 142.32 points or 0.81% to 17,811.43, KOSPI climbed by 20.77 points or 0.70% to 2,983.77, Jakarta Composite jumped by 0.37 points or 0.01% to 6,547.48, and Shanghai Composite enlarged by 15.03 points or 0.42% to 3,608.63.
On the flip side, FTSE Bursa Malaysia KLCI was down by 0.42 points or 0.03% to 1,493.48.
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