Asian markets traded mostly higher in early deals on Monday, as the diplomatic efforts to cool Middle East tensions dulled crude oil rates and eased global inflation fears. Reports that Chinese financial regulators were meeting to deploy fresh capital market support measures after a steep correction in October, boosted investor sentiments. South Korea’s KOSPI rebounded sharply with the massive domestic institutional buying, robust third-quarter GDP growth.
Nikkei up by 14.89 points or 0.04% to 63,305.00, Hang Seng rose by 123.58 points or 0.53% to 23,418.00, KOSPI Index added by 150.47 points or 2.63% to 5,881.21, Shanghai Composite lifted by 25.26 points or 0.70% to 3,624.28, Jakarta Composite climbed by 48.15 points or 0.95% to 5,105.20, and FTSE Bursa Malaysia KLCI index enlarged by 4.53 points or 0.28% to 1,620.13.
On the flipside, Straits Times down by 72.95 points or 1.36% to 5,303.79, and Taiwan Weighted declined by 143.75 points or 0.32% to 45,068.08.