Buoyed by firm cues from US markets, most of the Asian equity indices are trading in fine fettle in Tuesday’s morning session. Sentiments also got support from positive inflation data from China. The country’s inflation came in at 2.1 per cent in March, down from the 10-month-high 3.2 per cent seen the month before and below estimation of 2.4 per cent. Meanwhile, Japanese markets too traded in the green in early trade as the yen sank to multi-year lows. However, South Korean shares were slipping to four-month low, as rising tensions with North Korea added to the pessimism in the mind of investors.
Shanghai Composite rose 9.83 points or 0.44% to 2,221.42, Hang Seng surged 200.04 points or 0.92% to 21,918.09, Jakarta Composite increased 10.93 points or 0.22% to 4,908.45, KLSE Composite added 2.00 points or 0.12% to 1,689.99, Nikkei 225 jumped 36.43 points or 0.28% to 13,229.02 and Straits Times was up by 21.42 points or 0.65% to 3,306.03.
On the flip side, KOSPI Composite declined 14.90 points or 0.78% to 1,903.79 and Taiwan Weighted was down by 26.39 points or 0.34% to 7,726.40.
