All the Asian equity markets, barring Straits Times, are trading in the green in early deals on Tuesday after economic data out of Europe and China bolstered optimism over the global economy. Japan’s Nikkei 225 was trading higher with a gain of over two and a half percent, a day after data showing strong corporate capital expenditures prompted economists to expect upward revisions to economic growth in the second quarter. Moreover, the yen weakened 0.1 per cent against the US dollar, which further supported the market up-move.
Shanghai Composite rose 10.48 points or 0.50% to 2,108.93, Hang Seng surged 234.97 points or 1.06% to 22,410.31, Jakarta Composite soared 61.16 points or 1.49% to 4,162.39, KLSE Composite strengthened 7.77 points or 0.45% to 1,725.33, Nikkei 225 zoomed 360.96 points or 2.66% to 13,933.88, Seoul Composite jumped 10.00 points or 0.52% to 1,934.81 and Taiwan Weighted was up by 45.46 points or 0.57% to 8,084.32.
On the flip side, Straits Times was down by 2.16 points or 0.07% to 3,053.56.
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