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Asian markets trade mostly higher in early deals on Tuesday

19 Apr 2022 Evaluate
Most of the Asian equity benchmarks traded higher in early deals on Tuesday, with the technical buying at prevailing levels and on anticipations over aggressive monetary policy by Federal Reserve to tackle the surging inflation rates. Even though, investments got limited after World Bank narrowed global expansion this year by nearly a full percentage point. Japanese stocks got lifted with the rise in exports due to weakness in local currency yen. Chinese stocks also advanced after People Bank of China affirmed dovish measures to support the industries, businesses and people affected by corona virus .

Nikkei 225 up by 171.38 points or 0.64% to 26,971.09, Straight times supported by 18.67 points or 0.57% to 3,321.74, Taiwan Weighted climbed by 130.95 points or 0.77% to 17,029.82, KOSPI climbed by 27.26 points or 1.01% to 2,720.47, and Shanghai Composite higher by 3.78 points or 0.12% to 3,199.30, 

Bucking the trend, Hang Seng dipped by 388.56 points or 1.81% to 21,129.52, Jakarta Composite decreased by 54.74 points or 0.75% to 7,220.55, and FTSE Bursa Malaysia KLCI lower by 7.87 points or 0.50% to 1,581.14.

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