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22-Aug2018

Asian markets trade mostly in green in early deals

Asian markets are trading mostly in the green in early deals on Wednesday, with sentiments boosted by Wall Street's rise and a record intraday high for the S&P 500 index on Tuesday, but fragile Chinese markets retreated after two days in the black. Shares in much of the region were also aided by hopes that the trade talks between the US and China expected this week will ease trade tensions. The Japanese market is modestly higher in choppy trade following the positive cues overnight from Wall Street. Among the other Asian markets, Hong Kong, Taiwan and South Korea are higher. The markets in Malaysia, Singapore and Indonesia are closed on Wednesday for Hari Raya Haji.

Nikkei 225 gained 118.95 points or 0.53% to 22,338.68, Hang Seng surged 142.71 points or 0.51% to 27,895.50, Taiwan Weighted rose 30.19 points or 0.28% to 10,822.39, and KOSPI was up by 8.35 points or 0.37% to 2,278.41.

On the flip side, Shanghai Composite was down by 14.11 points or 0.52% to 2,719.72.


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