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Asian markets trade higher in early deals on Tuesday

17 Dec 2013 Evaluate

All the Asian equity benchmarks, barring Shanghai Composite, are trading in the green terrain in early deals on Tuesday, tracking positive close on Wall Street. Meanwhile, the Japanese stock market rallied sharply, with investors indulging in some hectic bargain hunting after recent sharp losses. Moreover, weakness in yen against dollar too lifted the benchmark. However, some of the markets in the region are trading off the day’s highs with investors turning a bit cautious, choosing to wait for the outcome of the U.S. Federal Reserve’s two-day policy meeting.

Hang Seng rose 69.90 points or 0.30% to 23,184.56, Jakarta Composite jumped 52.85 points or 1.28% to 4,178.81, KLSE Composite strengthened 9.04 points or 0.49% to 1,846.92, Nikkei 225 surged 101.21 points or 0.67% to 15,254.12, Straits Times increased 17.21 points or 0.56% to 3,070.98, Seoul Composite added 5.04 points or 0.26% to 1,966.19 and Taiwan Weighted was up by 55.03 points or 0.66% to 8,368.90.

On the flip side, Shanghai Composite was down by 12.80 points or 0.59% to 2,148.06. 

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