Asian markets traded mostly higher in early deals on Tuesday, as a technology sector rebound boosted investor sentiment. Energy supply anxieties eased significantly after the U.S. and Iran agreed to halt maritime strikes and initiate peace talks in Qatar, stabilizing crude oil prices. Regional gains were further supported by strong macroeconomic data, highlighted by a 5.3% year-on-year surge in Japan's retail sales alongside expanding industrial profits and factory exports in China. South Kore’s KOSPI soared following aggressive $500 billion domestic AI and chip investment plans by Samsung Electronics and SK Hynix.
Nikkei soared by 1,809.88 points or 2.82% to 65,951.00, Straits Times up by36.86 points or 0.67% to 5,535.81, Hang Seng rose by 10.95 points 0.04% to 25,154.00, Taiwan weighted higher by 1,588.92 points or 3.74% to 44,038.62, KOSPI Index surged by 269.30 points or 4.13% to 6,785.57, Jakarta Composite added by 72.42 points or 1.16% to 6,304.02, and Shanghai Composite lifted by 23.38 points or 0.62% to 3,819.66.
On the flip side, FTSE Bursa Malaysia KLCI index was down by 6.97 points or 0.40% to 1,715.32.
