Breaking News

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


Asian markets trade mostly higher in early deals on Tuesday

Most of the Asian equity benchmarks are trading in green in the early deals on Tuesday, the first trading day of 2018, as investors are taking support from upbeat China manufacturing PMI data for the month of December. Sentiments were also boosted after North Korean leader Kim Jong Un said he is open to talks with South Korea. China Caixin manufacturing PMI showed a December reading of 51.5, beating expectations and also touching a four-month high. Meanwhile, Japanese markets were closed on account of a bank holiday. Among the Asian markets, China, Hong Kong, Indonesia, South Korea, Singapore and Taiwan are higher. Bucking the trend, Malaysia is in negative territory.

Shanghai Composite added 35.81 points or 1.08% to 3,342.98, Hang Seng spurt 502.11 points or 1.68% to 30,421.26, Jakarta Composite rose 82.41 points or 1.3% to 6,438.07, KOSPI Index increased 12.06 points or 0.49% to 2,479.55, Straits Times gained 12.80 points or 0.38% to 3,415.72, and Taiwan Weighted was up by 41.32 points or 0.39% to 10,684.18.

On the flip side, FTSE Bursa Malaysia KLCI dropped 16.88 points or 0.94% to 1,779.93.

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......