Asian markets trade higher in early deals on Monday
Nikkei up by 469.10 points or 0.80% to 58,945.00
Asian markets traded higher in early deals on Monday, kindled by the risk appetite in the market despite persistent geopolitical uncertainties. Rally in technological and financial sector stocks with the stronger foreign inflows buoyed the local indices. Albeit, investor sentiments remained cautious as escalating tensions between the US and Iran drove a sharp rise in oil prices, heightening concerns over inflation and input costs for energy-dependent economies.
Nikkei up by 469.10 points or 0.80% to 58,945.00, Straits Times rose by 7.21 points or 0.14% to 5,005.14, Hang Seng soared by 272.67 points 1.03% to 26,433.00, Taiwan weighted surged by 394.04 points or 1.07% to 37,198.38, KOSPI Index curtailed by 23.97 points or 0.38% to 6,202.08, Jakarta Composite up by 0.99 points or 0.02% to 7,634.99, Shanghai Composite decreased by 26.96 points or 0.67% to 4,078.39, and FTSE Bursa Malaysia KLCI index widened by 6.73 points or 0.40% to 1,701.94.
