Asian markets are mostly trading in green terrain in the early deals on Tuesday, tracking a positive lead from Wall Street where stocks ended higher overnight after the Fed chair Janet Yellen said the central bank will extend extraordinary support for the economy for some time to come. Asian stocks swung between gains and losses as investors weighed reports on China’s manufacturing that pointed to weakness in the world’s second-biggest economy. Japanese shares swung between gains and losses as investors weighed a weaker yen against a survey of sentiment among large manufacturers that missed estimates and today’s implementation of a national sales-tax increase. Chinese Shanghai Composite rose as Poly Real Estate Group Co. led a rally for property developers after reporting higher profit. Among other markets in the Asia-Pacific region, Hong Kong, Shanghai, Singapore, South Korea, Taiwan and Indonesia are trading notably higher, while Malaysia is trading weak.
Shanghai Composite increased by 13.32 points or 0.65% to 2,046.62, Hang Seng rose 209.52 points or 0.95% to 22,360.58, Jakarta Composite gained by 81.75 points or 1.71% to 4,850.03, Nikkei 225 surged by 1.44 points or 0.01% to 14,829.27, Straits Times soared 15.61 points or 0.49% to 3,204.23, KOSPI Composite up 0.26 points or 0.01% to 1,985.87 and Taiwan Weighted was up by 5.12 points or 0.06% to 8,854.40.
On the flip side, KLSE Composite was down by 6.32 points or 0.34% to 1,842.89.