Buoyed by supportive cues from US markets, most of the Asian markets are trading in the green. Chinese benchmark Shanghai Composite edged higher by about half a percent on the back of better-than-expected Chinese trade data. The nation’s exports rose 14.1 percent in December from a year earlier compared to a markets expectation of closer to 4 percent while imports gained 6 percent indicating stronger domestic demand. Moreover, Japanese benchmark Nikkei stock average extended gains to about a percent as the yen resumed its weakening trend after a pause in the last couple of sessions.
Shanghai Composite rose 10.48 points or 0.46% to 2,285.82, Hang Seng surged 200.99 points or 0.87% to 23,419.46, Nikkei 225 soared 98.87 points or 0.93% to 10,677.44, Straits Times increased 12.94 points or 0.40% to 3,233.35, KOSPI Composite added 12.31 points or 0.62% to 2,004.12 and Taiwan Weighted was up by 74.96 points or 0.97% to 7,813.60.
Jakarta Composite declined 7.64 points or 0.18% to 4,355.29 and KLSE Composite was down by 0.75 points or 0.04% to 1,689.18.
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