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Asian markets mostly trade up in early deals on Thursday

27 Mar 2014 Evaluate

Most of the Asian equity benchmarks are trading in green terrain in the early deals on Thursday, despite weak cues from Wall Street due to the renewed worries about Ukraine. Meanwhile, China's Shanghai Composite traded lower due to concerns that slowing economy will curb profits and the restart of initial public offerings will divert funds. Among other markets in the Asia-Pacific region, Hang Seng is trading notably lower. While, Malaysia, Japan, South Korea, Taiwan, Singapore, Indonesia are trading higher.

Jakarta Composite rose 18.15 points or 0.38% to 4,746.39, KLSE Composite increased by 0.34 points or 0.02% to 1,839.48, Nikkei 225 surged by 33.26 points or 0.23% to 14,510.42, Straits Times strengthened 11.27 points or 0.36% to 3,154.59, KOSPI Composite soared 2.94 points or 0.15% to 1,967.25 and Taiwan Weighted was up by 16.83 points or 0.19% to 8,754.10.

On the flip side, Shanghai Composite declined by 15.38 points or 0.75% to 2,048.29 and Hang Seng was down by 101.89 points or 0.47% to 21,785.86.

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