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Asian markets trade mostly higher in early deals of Tuesday

26 Apr 2022 Evaluate
Most of the Asian markets traded higher in early deals of Tuesday, on account of bargain hunting post previous correction due to lingering worries over Ukraine-Russia peace, soaring inflation, and looming lockdown in China with the resurgence in corona cases. Moreover, weaker US Treasury yields also supported the equities. However, bets over quicker interest rate hike by the US Federal Reserve in its meeting next week also side-lined investments. Japanese stocks recouped some of the previous sessional losses in conjunction with the positive cues from global stocks. Albeit, Bank of Japan's upcoming monetary policy meeting minutes limited gains in the session. Shanghai stocks gained with the global stocks and on technical buying after the index plunged followed by local currency yen’s one-year low hit.

Nikkei 225 up by 201.64 points or 0.76% to 26,792.42, Hang Seng rose by 375.62 points or 1.89% to 20,244.96, Taiwan climbed by 56.35 points or 0.34% to 16,677.25, KOSPI increased by 13.52 points or 0.51% to 2,670.65, Shanghai higher by 27.42 points or 0.94% to 2,955.93

Bucking the trend, Straight times down 6.37 points or 0.19 % to 3,333.22, Jakarta Composite shrunk by 18.42 points or 0.26% to 7,197.56, and FTSE Bursa Malaysia KLCI diminished by 5.44 points or 0.34% to 1,595.42.

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