Asian markets trade higher in early deals on US deal hopes

sankrit

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Most of the Asian equity benchmarks are trading in the green in early deals on Tuesday as investors went for bargain hunting on expectations of an imminent deal to reopen the US government and avert a possible debt default, the investors though will remain wary until they see the final outcome. Meanwhile, the Japanese stock market was trading in fine fettle with a weaker yen. On economic front, Japan’s industrial production data for August is due for release during the day. Little change is expected from last month’s preliminary readings that suggested a 3.4 percent monthly increase and a 3.7 percent yearly gain.

Hang Seng rose 133.52 points or 0.58% to 23,351.84, Nikkei 225 gained 25.56 points or 0.18% to 14,430.30, Seoul Composite strengthened 14.22 points or 0.70% to 2,034.49 and Taiwan Weighted was up by 71.74 points or 0.87% to 8,345.70.

On the flip side, Shanghai Composite was down by 3.23 points or 0.14% to 2,234.54.

Markets in Indonesia, Malaysia and Singapore remained closed for the trade today on account of holiday.

Source:-berkeleygains
 
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