Asian markets trade mostly higher in early deals on Tuesday

Most of the Asian equity benchmarks are trading up in the early deals on Tuesday, following the overnight rally on Wall Street and higher commodity prices. Crude oil prices rose further in Asian trades after hitting six-month highs overnight. Meanwhile, Japanese stocks rose as a weaker yen aided exporters, while oil’s rally to a six-month high boosted energy shares. Among the other Asian markets, Hong Kong, Taiwan, Singapore, South Korea, and Malaysia are all higher. Bucking the trend, Shanghai, and Indonesia are lower.

Nikkei 225 surged 122.83 points or 0.75% to 16,589.23, Hang Seng added 61.14 points or 0.31% to 19,945.09, Straits Times gained 33.95 points or 1.24% to 2,770.01, FTSE Bursa Malaysia KLCI increased 10.91 points or 0.67% to 1,632.12, KOSPI Index jumped 0.18 points or 0.01% to 1,968.09, and Taiwan Weighted was up by 74.85 points or 0.93% to 8,142.45.

On the flip side, Shanghai Composite dipped 10.43 points or 0.37% to 2,840.44, and Jakarta Composite was down by 2.21 points or 0.05% to 4,729.35.