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Asian markets trade mostly higher as fears of Syria strike ease

30 Aug 2013 Evaluate

Most of the Asian equity indices were trading in the green terrain in early deals on Friday as fears of an imminent Western military strike against Syria eased. Markets like Jakarta Composite, KLSE Composite, Taiwan Weighted and Seoul Composite were trading with significant gains in early deals. However, Japanese market was trading in the red as the country’s core consumer prices rose 0.7% in July from a year earlier, marking the second straight month of gains and hitting a near-five year high.

Jakarta Composite surged 53.56 points or 1.31% to 4,157.15, KLSE Composite strengthened 15.44 points or 0.91% to 1,719.22, Straits Times rose 2.34 points or 0.08% to 3,040.37, Seoul Composite increased 10.69 points or 0.56% to 1,918.23 and Taiwan Weighted was down by 52.37 points or 0.66% to 7,970.03.

On the flip side, Hang Seng declined 13.68 points or 0.06% to 21,691.10 and Nikkei 225 was up by 37.86 points or 0.28% to 13,421.85.

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