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Asian markets trade in green in early deals of Thursday

Nikkei 225 surge by 978.48 points or 2.01% to 49,638.00

Asian markets traded in green in early deals of Thursday, kindled by the risk appetite in the market amidst heightened bets over Federal Reserve interest rate cut in December. Robust corporate earnings results and weaker local currencies also buoyed equity investments. A rally led by technological and AI-linked stocks further lifted investor sentiments. Japan’s Nikkei soared in the session with the positive trend in global indices as well as softer local currency yen.

Nikkei 225 surged by 620.93 points or 1.25% to 50,180.00, Hang Seng rose by 161.92 points 0.62% to 26,090.00, Straits Times buoyed by 18.14 points or 0.40% to 4,519.70, Taiwan Weighted up by 107.42 points or 0.39% to 27,516.96, KOSPI Index increased by 23.50 points or 0.59% to 3,984.37, Shanghai Composite added by 25.23 points or 0.65% to 3,889.41,

On the flip side, Jakarta Composite down by 44.71 points or 0.52% to 8,557.42 and FTSE Bursa Malaysia lower by 3.96 points or 0.24% to 1,620.54.