Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  Asian markets trade higher in early deals on Thursday


Asian markets trade higher in early deals on Thursday

Asian equity benchmarks are trading up in the early deals on Thursday following the surge in crude oil prices overnight, in reaction to reports that OPEC members have reached a deal to cut oil production for the first time since 2008. Meanwhile, Japan's Nikkei share average rose as investors took heart from a weaker yen and rallying oil prices after OPEC's unexpected agreement to trim crude output.

Nikkei 225 gained 250.05 points or 1.52% to 16,715.45, Hang Seng added 112.32 points or 0.48% to 23,731.97, Jakarta Composite surged 43.38 points or 0.80% to 5,468.71, KOSPI Index jumped 15.90 points or 0.77% to 2,068.96, Taiwan Weighted increased 82.69 points or 0.90% to 9,277.21, FTSE Bursa Malaysia KLCI rose 4.90 points or 0.29% to 1,669.86, Straits Times increased 17.47 points or 0.61% to 2,875.48, and Shanghai Composite was up by 16.79 points or 0.56% to 3,004.64.

Related News

View all news

US markets end marginally higher on Tuesday

The US markets ended marginally higher on Tuesday as another round of US-China trade talks began in Washington. President Donald Trump said the US-China trade talks are going very well and once again hinted......

US markets end significantly higher on optimism about US-China trade talks

The US markets ended significantly higher on Friday amid increasing hopes for a US-China trade deal. As per the report, officials from both the US and China will continue trade talks next week in Washington,......

US markets end lower on weak retail sales

The US markets ended mostly in red on Thursday after a report from the Commerce Department unexpectedly showed a substantial decrease in retail sales in December, increasing the appeal of safe havens like......

Top News

View all news

Tata Motors signs LTS agreement with its employees

Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees. Under the agreement, workmen will get a wage rise of Rs 9,000 per month along with other incentives based on performance.......

Canara Bank invites bids from merchant bankers to manage its $350-500 million MTN issue: Report

Canara Bank has reportedly invited bids from merchant bankers to manage its $350-500 million issue of senior unsecured/tier-II capital bonds under its medium-term note (MTN) programme. The issue size may......

Alembic Pharma gets USFDA's nod for Acetazolamide Extended-Release Capsules

Alembic Pharmaceuticals (Alembic) has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Acetazolamide Extended-Release Capsules, 500......