Asian markets traded mostly higher in early deals on Tuesday, driven by a tech-driven rally on Wall Street which lifted the Nasdaq to a record close. Investor sentiments also improved as crude oil prices dropped to nearly $100 a barrel, overshadowing worries about rising bond yields. Japan’s Nikkei advanced to a three-month high, with the increased foreign inflows amidst weaker local currency yen. Stock market of China is closed for National Day.
Nikkei up by 534.14 points or 0.76% to 70,481.00, Hang Seng rose by 162.66 points or 0.67% to 24,203.00, Taiwan Weighted lifted by 71.06 points or 0.14% to 49,783.10, Jakarta Composite soared by 78.31 points or 1.28% to 6,197.17, and FTSE Bursa Malaysia KLCI index added by 5.49 points or 0.34% to 1,637.24.
On the flipside, Straits Times down by 7.19 points or 0.13% to 5,657.14, and KOSPI Index tumbled by 84.91 points or 1.21% to 6,918.83.
