Most of the Asian Markets traded higher in early deals of Tuesday, supported by the positive outlook over economic rebound ahead to Wednesday's release of minutes by Federal Reserve that might provide clues on benchmark interest rate hike by half a percentage point next month. Meanwhile, participants eyed on possibilities over imposing more sanctions on Russia by the Western countries. Japanese stocks also advanced in line with the positive global trend in equity investments. The major exporters were higher with the weaker local currency yen. Japan’s the average of household spending in Japan was up 1.1% on year in February, declining from the 6.9% increase in the previous month and a projection of 2.7%, and the services sector in Japan continued to contract in March, with a services PMI score of 49.4, though up from February’s 44.2. Stock markets of China and Taiwan are closed for a holiday. Hong Kong is closed on account of National day.
Nikkei 225 up by 29.57 points or 0.11% to 27,766.04, Straight times lifted by 11.57 points or 0.34% to 3,428.54, and Jakarta Composite climbed by 7.16 points or 0.10% to 7,123.38.
Bucking the trend, KOSPI decreased by 2.77 points or 0.10% to 2,755.13, and FTSE Bursa Malaysia KLCI lower by 2.20 points or 0.14% to 1,596.72.
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