Snapping a four-day losing streak, Asian equity markets are trading mostly in the green in early deals on Tuesday as investors remained optimistic about the outlook for the U.S. economy after the U.S. Senate confirmed Janet Yellen as the next head of the Federal Reserve. However, the Japanese market is trading in negative territory on the back of a stronger yen. Among other markets in the Asian region, Hong Kong, Shanghai, South Korea, Taiwan, Malaysia and Singapore are trading higher, while Indonesia is trading in negative territory.
Shanghai Composite rose 3.03 points or 0.15% to 2,048.74, Hang Seng gained 78.14 points or 0.34% to 22,762.29, KLSE Composite increased 2.67 points or 0.15% to 1,831.85, Straits Times added 7.80 points or 0.25% to 3,131.62, Seoul Composite surged 11.44 points or 0.59% to 1,964.72 and Taiwan Weighted was up by 47.15 points or 0.55% to 8,547.16.
On the flip side, Jakarta Composite declined 11.53 points or 0.27% to 4,191.27 and Nikkei 225 was down by 26.30 points or 0.17% to 15,882.58.