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Asian markets trade mostly in green in early deals on Tuesday

28 Feb 2023 Evaluate
Most of the Asian markets traded in green in early deals on Tuesday, lifted by the technical buying in the wake of last week’s hefty sell off. However, persisting fears over global economic health with the continued tight monetary policy limited some gains. Japan’s Nikkei advanced with the firm trend in global indices overnight. Meanwhile, January’s retail sales of Japan came out stronger than expected, while industrial production subdued more than expected. Stock market of Taiwan is closed for Peace Memorial Day holiday.

Nikkei up by 33.95 points or 0.12% to 27,457.91, Straight times higher by 16.83 points or 0.52% to 3,280.07, Hang Seng rose by 82.11 points or 0.41% to 20,025.62, KOSPI lifted by 17.82 points or 0.74% to 2,420.46, and Shanghai added  2.37 points or 0.07% to 3,260.40.

On the flip side, Jakarta Composite curtailed by 6.45 points or 0.09% to 6,848.33, and FTSE Bursa Malaysia KLCI pressured by 0.56 points or 0.04% to 1,454.94.

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