All the Asian indices barring Jakarta Composite are trading higher in the early deals on Tuesday, tracking a positive lead from Wall Street where the major averages posted strong gains overnight on some strong economic data. Further, the Yen remained well off recent highs as the threat of immediate military conflict in Ukraine receded, though investors remained cautious ahead of this week's US Federal Reserve policy meeting. On the regional front, Japanese stock market moved higher as the yen held losses against the dollar and investors weighed sanctions imposed on Russia after Crimea’s referendum. Among other markets in the Asia-Pacific region, South Korea, Hong Kong, Taiwan, Singapore, Shanghai and Malaysia are up marginally, while Indonesia is trading notably lower.
Shanghai Composite strengthened by 5.99 points or 0.30% to 2,029.66, Hang Seng added 98.87 points or 0.46% to 21,572.82, KLSE Composite climbed 2.16 points or 0.12% to 1,817.32, Nikkei 225 spurted by 181.58 points or 1.27% to 14,459.25, Straits Times was marginally in green by 0.14 points or 0.00% to 3,092.28, KOSPI Composite soared 13.45 points or 0.70% to 1,940.98 and Taiwan Weighted was up by 37.87 points or 0.44% to 8,737.97.
On the flip side, Jakarta Composite was down by 49.12 points or 1.01% to 4,827.06.