Asian markets traded in green in early deals on Thursday, kindled by strong corporate earnings reports from technology and manufacturing sectors. Investor sentiments got boosted with the easing trade tensions between the US and its trading partners. Japan’s Nikkei soared as the recently announced trade deal between the US and Japan continued to support market momentum. Meanwhile, Japan’s private sector growth held steady in July, with continued strength in services offsetting a downturn in manufacturing. Hang Seng rose for the fifth consecutive session and is near its highest level in nearly four years.
Nikkei 225 surged by 700.06 points or 1.70% to 41,871.38, Hang Seng enlarged by 150.80 points or 0.59% to 25,688.87, Straits Times rose by 30.76 points or 0.73% to 4,262.04, Taiwan Weighted added by 79.56 points or 0.34% to 23,398.23, KOSPI Index buoyed by 6.06 points or 0.19% to 3,189.83, Jakarta Composite jumped by 91.11 points or 1.22% to 7,560.34 and Shanghai Composite widened by 19.68 points or 0.55% to 3,601.98 and FTSE Bursa Malaysia KLCI lifted 2.97 points or 0.19% to 1,532.76.
