Asian markets traded mostly higher in early deals on Thursday, as crude oil rates retreated following US President Trump's reassurances against a prolonged military conflict with Iran. This eased concerns over surging inflation and the jitters over aggressive interest rate hikes from central banks. Pull back of bond yield notes from its recent highs, as well as hefty position taking in regional chipmakers and technology stocks also kindled the local indices. South Korea’s KOSPI index soared after chip giants Samsung and SK Hynix rallied on strong global AI revenue forecasts.
Nikkei rose by 150.36 points or 0.23% to 64,476.00, Straits Times higher by 31.05 points or 0.54% to 5,775.16, KOSPI Index soared by 90.81 points or 1.38% to 6,653.53, Taiwan weighted gained 159.87 points or 0.35 % to 46,324.59, Jakarta Composite climbed by 66.84 points or 1.01% to 6,662.62, Shanghai Composite increased by 16.80 points or 0.43% to 3,958.19, and FTSE Bursa Malaysia KLCI index added 1.21 points or 0.07% to 1,709.95.
On the flip side, Hang Seng was down by 20.21 points or 0.08% to 25,291.00.
