Asian markets trade mostly higher in early deals on Tuesday
Nikkei 225 up by 114.58 points or 0.29% to 39,702.26
Asian markets traded mostly higher in early deals on Tuesday, with the risk appetite in the market amidst optimism surrounding extended trade agreement negotiations to August 1 initiated by the Trump administration. The US President announced new tariff rates on 14 countries, removing some uncertainty in the market. Meanwhile, investors keenly eyed on the upcoming key inflation and trade data from China due later this week, which could offer insight into the broader economic impact of evolving US-China trade relations. Japan’s Nikkei advanced in the session with weakening yen, which typically boosts export competitiveness. The recent shift away from a long-standing zero interest rate policy has led to increased capital spending and improved corporate governance, also buoyed market growth.
Nikkei 225 up by 114.58 points or 0.29% to 39,702.26, Hang Seng rose by 185.21 points 0.77% to 24,073.04, Jakarta Composite added by 1.49 points or 0.02% to 6,902.42, Straits Times up by 18.83 points 0.47% to 4,050.69, KOSPI Index rose by 46.92 points or 1.53% to 3,106.39, and Shanghai Composite widened by 20.03 points or 0.57% to 3,493.16.
On the flip side, Taiwan Weighted slipped by 202.85 points 0.90% to 22,225.87, and FTSE Bursa Malaysia KLCI lower 7.59 points or 0.49% to 1,529.95.
