Asian markets traded in green in early deals on Tuesday, kindled by a modest rise in US futures, optimism over a cut in key interest rates by China and on ongoing US-Japan trade talks. Recent developments indicating a thaw in Sino-US trade relations helped alleviated concerns among investors, fostering a more optimistic outlook for Asian economies. Strong corporate earnings report encouraged more inflow of foreign investment in Asian markets. Japan’s Nikkei advanced in the session despite the caution ahead of Japan’s upcoming April trade data, with forecasts pointing to slowing exports amid rising trade barriers.
Nikkei 225 rose by 121.56 points or 0.32% to 37,620.19, Straits Times buoyed by 7.58 points 0.20% to 3,883.78, Hang Seng jumped by 301.49 points 1.28% to 23,634.21, KOSPI Index increased by 1.28 points or 0.05% to 2,604.70, Taiwan Weighted lifted by 9.05 points or 0.04% to 21,532.88, Jakarta Composite up by 26.91 points or 0.38% to 7,168.00, Shanghai Composite higher by 12.87 points or 0.38% to 3,380.45, and FTSE Bursa Malaysia KLCI climbed by 6.52 points or 0.42% to 1,549.62.
