Most of the Asian markets traded higher early deals on Tuesday, due to some technical buying after heavy correction with the worries over global economic health ahead to the monetary policy decision by Federal Reserve on Wednesday. Japan’s Nikkei which after a long weekend rebounded from previous losses in tandem with the strength in global indices. Meanwhile, Japan’s headline inflation for August peaked at its fastest pace in eight years due to inflationary pressures from higher raw material costs and a weak yen broadened. Hang Seng also advanced snapping its two straight sessional losses. Besides, the jobless rate in Hong Kong fell for the quarter ending August, and the country is to announce its quarantine policy, buoying market sentiments.
Nikkei 225 up by 110.65 points or 0.40% to 27,678.30, Straight times rose 13.95 points or 0.43% to 3,270.26, Hang Seng increased by 246.25 points 1.33% to 18,812.22, Taiwan higher by 68.66 points or 0.48% to 14,494.34, KOSPI climbed by 13.00 points or 0.55% to 2,368.67, Shanghai added by 14.27 points or 0.46% to 3,129.87, and FTSE Bursa Malaysia KLCI climbed by 10.59 points or 0.73% to 1,462.11.
On flip side, Jakarta Composite down by 1.03 points or 0.01% to 7,194.46.
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