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Asian markets trade higher in early deals on Tuesday

13 Aug 2013 Evaluate

All the Asian equity indices, barring Shanghai Composite are trading in the green terrain in Tuesday’s morning deals, led by gains in Japanese markets which rose over one and a half percent as the yen weakened on report that Prime Minister Shinzo Abe is considering a corporate tax cut as a way to offset the impact of a planned two-stage increase in the sales tax. Meanwhile, the Japanese core machinery orders were down to seasonally adjusted 2.7 percent in June, but remained significantly better than forecasts for a 7.0 percent plunge following the 10.5 percent spike in May.

Hang Seng rose 161.55 points or 0.73% to 22,432.83, Jakarta Composite increased 13.59 points or 0.30% to 4,611.37, KLSE Composite strengthened 8.97 points or 0.50% to 1,793.54, Nikkei 225 surged 226.41 points or 1.67% to 13,745.84, Straits Times added 9.62 points or 0.30% to 3,241.86, Seoul Composite soared 19.62 points or 1.04% to 1,904.45 and Taiwan Weighted was up by 64.02 points or 0.81% to 7,967.40.

Shanghai Composite was down by 0.50 points or 0.02% to 2,100.78.

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