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29-Sep2016

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.


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