Asian markets trade mostly higher in early deals on Thursday
Nikkei soared by 1,465.76 points or 2.52% to 59,600.00
Asian markets traded mostly higher in early deals on Thursday, kindled by the risk appetite in the market amidst progress in US-Iran negotiations. A two-week ceasefire and ongoing exchanges, along with plans for further talks, pointed to sustained diplomatic momentum. Furthermore, declining oil prices eased fears of a long-term energy crisis, providing significant relief to economies that depend heavily on fuel imports. South Korea’s KOSPI is rallying for a third consecutive session, hitting a one-month high as it chases fresh record highs. While Japan’s Nikkei soared to fresh record levels, supported by strong bank earnings and renewed demand for technology shares.
Nikkei soared by 1,465.76 points or 2.52% to 59,600.00, Hang Seng rose by 433.68 points 1.67% to 26,381.00, Taiwan weighted added by 323.36 points or 0.88% to 37,045.50, KOSPI Index surged by 120.84 points or 1.98% to 6,212.23, Shanghai Composite increased by 15.28 points or 0.38% to 4,042.49 and FTSE Bursa Malaysia KLCI index widened by 3.85 points or 0.23% to 1,687.27.
On the flip side, Straits Times down by 1.21 points or 0.02% to 5,019.99, and Jakarta Composite narrowed by 27.49 points or 0.36% to 7,596.10.
