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Asian markets trade mostly higher in early deals on Tuesday

04 Feb 2025 Evaluate
Most of the Asian markets traded in green in early deals on Tuesday, as the investor sentiments got boosted after US President Donald  and leaders of Canada and Mexico reached a deal to put tariffs on hold for at least a month. Even though, the US is still expected to implement the proposed 10% levy on imports from China, continuing the trade policies seen during Trump’s first term. Japan’s Nikkei soared ahead to Wednesday’s release of the latest wage data, which could influence the outlook for the Bank of Japan's monetary policy. The BOJ had raised interest rates in January and indicated readiness to hike further if economic and price trends align with its forecasts. 

Nikkei up by 497.06 points or 1.29% to 39,017.15, Hang Seng rose by 404.88 points or 1.96% to 20,622.14, KOSPI lifted by 35.26 points or 1.44% to 2,489.21, Taiwan higher by 143.85 points or 0.63% to 22,838.56, Jakarta Composite jumped by 69.77 points or 0.99% to 7,099.83,and FTSE Bursa Malaysia KLCI added by 7.24 points or 0.47% to 1,560.87.

On the flip side, Straight times lower by 6.15 points or 0.16% to 3,820.32. 

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