Asian markets traded mostly higher in early deals on Tuesday, on account of relief following extension of the tariff truce between the US and China for another 90 days. The ongoing negotiations and communications from President Trump with various nations, including Japan, have bolstered market optimism. Japan’s Nikkei soared in the session with the positive global economic outlook and on rise in exports with the dip in local currency yen.
Nikkei 225 surged by 1,174.52 points or 2.81% to 42,995.00, Taiwan Weighted rose by 86.78 points or 0.36% to 24,222.28, Jakarta Composite soared by 120.91 points or 1.59% to 7,726.84, Shanghai Composite higher by 17.88 points or 0.49% to 3,665.43, and FTSE Bursa Malaysia buoyed by 2.96 points or 0.19% to 1,566.20.
On the flip side, Hang Seng down by 33.81 points or 0.14% to 24,873.00, Straits Times dipped by 15.40 points or 0.36% to 4,217.38, and KOSPI Index curtailed by 5.90 points or 0.18% to 3,200.87.
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