Most of the Asian equity indices are trading in green in Tuesday’s morning trade with Japanese Nikkei surging over a percent, regaining stability following extreme volatility in recent days, as some investors picked up battered stocks, including blue-chips Toyota Motor Corp and Sony Corp. Sentiment, however, remained fragile after last week’s turbulent trade raised doubt about the sustainability of the remarkable bull-run that has taken the index to five and a half year high. Meanwhile, Seoul shares opened slightly higher, supported by gains in automakers and shipbuilding firms such as Hyundai Mobis and Daewoo Shipbuilding & Marine Engineering.
Shanghai Composite rose 3.38 points or 0.15% to 2,296.46, Hang Seng increased 31.81 points or 0.14% to 22,717.86, Jakarta Composite surged 48.37 points or 0.95% to 5,133.50, KLSE Composite added 8.47 points or 0.48% to 1,775.60, Nikkei 225 soared 161.58 points or 1.14% to 14,304.23, Straits Times jumped 7.97 points or 0.24% to 3,399.27 and KOSPI Composite was up by 8.59 points or 0.43% to 1,988.56.
On the flip side, Taiwan Weighted was down by 9.41 points or 0.11% to 8,270.69.
