Breaking News

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

18-Jan2018

Asian markets trade mostly higher in early deals on Thursday

Most of the Asian equity benchmarks are trading up in the early deals on Thursday on optimism over prospects for global growth and improved corporate earnings. The dollar pulled back from three-year lows after ECB policymaker Ewald Nowotny voiced worries about the euro's recent strength against the dollar. China's Shanghai Composite index is higher as investors await a raft of data due later in the day for direction. Markets will focus to a deluge of Chinese data scheduled for Thursday, including GDP, industrial production and retail sales. Official data released earlier in the day showed that China's property market remained largely stable in December despite tough purchase restrictions. Meanwhile, Japan's Nikkei share average soared to a level not seen since November 1991 after exporters such as electronics components manufacturers surged, tracking the strength on Wall Street overnight. Among the other Asian markets, South Korea, Indonesia, Hong Kong, Taiwan and Singapore are higher. Bucking the trend, Malaysia is in negative territory.

Nikkei 225 added 154.54 points or 0.65% to 24,022.88, Taiwan Weighted jumped 117.72 points or 1.07% to 11,122.52, Hang Seng gained 38.32 points or 0.12% to 32,021.73, Jakarta Composite rose 22.13 points or 0.34% to 6,466.65, Shanghai Composite added 8.61 points or 0.25% to 3,453.28, KOSPI Index increased 7.44 points or 0.3% to 2,522.87, and Straits Times was up by 5.26 points or 0.15% to 3,547.17.

On the flip side, FTSE Bursa Malaysia KLCI was down by 4.53 points or 0.25% to 1,824.10.


Related News

View all news

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......

US markets settle higher as US-China trade optimism persists

Extending their previous session's rally, the US markets ended higher on Wednesday after President Donald Trump said he may let a China trade-deal deadline slide if the two sides were making enough progress.......

US markets end higher on tentative deal to avert government shutdown

The US markets ended higher with gains of around one and half percent on Tuesday, with the S&P 500 finishing above its 200-day moving average for the first time in 46 days, marking its longest......

Top News

View all news

Kridhan Infra's arm bags order worth $36 Million

Kridhan Infra's (KIL) Singapore subsidiary -- KH Foges has bagged a new order in Singapore worth $36 Million (Rs 187 Crore). The subsidiary has been contracted to execute Piling Works & Earthworks......

Bharti Airtel upgrades 4G network in Mumbai

Bharti Airtel has upgraded 4G network in Mumbai, with the deployment of 'LTE 900 technology' that will enhance indoor network coverage and improve network experience for customers.With the roll-out of......

Refex Industries to raise Rs 25 crore via Rights Issue

Refex Industries has received approval to raise of funds by way of offer and issue of Equity Shares to the Members of the Company on Rights Issue at such price and rights entitlement ratio for an amount......