Asian equities are trading mostly in the positive terrain however, majority of bourses remain closed for the Lunar New Year. The gains were led by the Japanese market which has surged over two percent in Tuesday’s morning trade after one of the potential contender for the post of Bank of Japan’s governor said that additional monetary easing can be justified this year, indicating that Bank of Japan could step up more stimulus.
Jakarta Composite surged 22.70 points or 0.50% to 4,525.95 and Nikkei 225 soared 266.94 points or 2.39% to 11,420.10.
On the flip side, KOSPI Composite was down by 2.70 points or 0.14% to 1,948.20.
Hong Kong, China, Taiwan, Singapore and Malaysia are all closed. Hong Kong and Singapore will resume trading on February 13 and Taiwan will reopen on February 14.
