Asian markets trade in green in early deals on Monday
Nikkei 225 surge by 2,403.95 points or 4.43% to 56,657.63
Asian markets were trading in green in early deals on Monday tracking Wall Street’s rally last Friday ahead of key employment and inflation data coming later this week. Market sentiments improved further by strong gains in Japan’s Nikkie following Prime Minister Sanae Takaichi's landslide victory in Sunday's general election as well as strength in the tech-heavy South Korean index amid easing concerns over AI-driven disruption. Moreover, Chinese shares rose tracking recovery in technology and mining stocks after a global sell-off in AI-related shares last week, while China’s move to establish a legal framework for real-world asset (RWA) tokenisation, also supported market sentiments.
Nikkei 225 surged by 2,403.95 points or 4.43% to 56,657.63, Shanghai Composite rose by 50.66 points or 1.25% to 4,116.25, Hang Seng soared by 426.84 points 1.61% to 26,986.79, KOSPI Index jumped by 208.17 points or 4.09% to 5,297.31, Taiwan weighted rose by 633.26 points or 1.99% to 32,416.18, FTSE Bursa Malaysia KLCI index increased by 15.07 points or 0.87% to 1,747.90, Jakarta Composite widened by 77.56 points 0.98% to 8,012.82, and Straits Times up by 29.87 points or 0.61% to 4,964.28.
