Asian markets traded mostly higher in early deals on Tuesday, though it opened mostly lower with the negative global indices overnight. Indices got buoyed with technical buying after correction amid concerns over Covid cases in China and hawkish Fed commentary. Japan’s Nikkei extended previous sessional gains, trading above key above the 28,100 level. Nikkei got lifted on strong buying in almost all the sectors, mainly technology and financial stocks. Japanese exporters also advanced with the softer local currency yen.
Nikkei 225 up by 194.87 points or 0.70% to 28,139.66, Straight times rose 19.72 points or 0.61% to 3,270.34, Taiwan lifted by 69.29 points or 0.48% to 14,518.68, Jakarta Composite jumped by 9.69points or 0.14% to 7,072.94 and Shanghai added by 23.26 points or 0.75% to 3,108.30.
On flip side, Hang Seng decreased by 0.58 points or 0.01%to 17,655.33, KOSPI down by 7.79 points or 0.32% to 2,411.71, and FTSE Bursa Malaysia KLCI lower by 9.87 points or 0.68% to 1,438.09.
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