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Asian markets trade mostly higher in early deals on Tuesday

25 Jul 2023 Evaluate
Most of the Asian markets traded higher in early deals on Tuesday, as the investor sentiments braced with the optimism over ailing Chinese economy as the Politburo of the county pledged to ramp up policy support, with a focus on boosting domestic demand and aiding the wilting property market. In quarter two China’s economic growth had slumped with the sluggish domestic and global demand. Hang Seng rallied the most among Asian indices as the foreign inflows peaked with the Stock Connect following the developments, with the boost in Hong Kong-listed Chinese stocks. However, Nikkei retreated in the session after July manufacturing figures of Japan showed considerable dip. Moreover, caution ahead to key policy decisions from major central banks in the US, Europe and Japan this week also saddled investments.
 
Hang Seng soared by 590.51 points or 3.07% to 19,258.66, Straight times rose by 8.69 points or 0.27% to 3,273.83, KOSPI higher by 3.48 points or 0.13% to 2,632.01, Taiwan added by 219.20 points or 1.29% to 17,252.81, Jakarta Composite widened by 29.18 points or 0.42% to 6,928.58, Shanghai lifted by 59.73 points or 1.85% to 3,223.89, and FTSE Bursa Malaysia KLCI enlarged 9.11 points or 0.64% to 1,433.80.

On the flip side, Nikkei 225 down 114.70 points or 0.35% to 32,584.56.

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