Shares Bazaar

Asian markets trade in green in early deals on Thursday

Nikkei surged by 952.46 points or 1.76% to 55,198.00

Asian markets traded in green in early deals on Thursday, kindled by the rally in technological and semi-conductor sector stocks amidst repots on potential de-escalation in Middle East tensions. Investor sentiments got boosted after oil prices stabilized and as inflation fears abated. Japan’s Nikkei soared in the session with the weaker local currency yen and on bets that the bank of Japan might keep policy rates unchanged for a prolonged period.

Nikkei surged by 952.46 points or 1.76% to 55,198.00, Straits Times up by 39.08 points or 0.81% to 4,851.83, Hang Seng rose by 245.52 points 0.97% to 25,495.00, Jakarta Composite soared by 132.70 points 1.75% to 7,709.76, KOSPI Index widened by 503.39 points or 9.88% to 5,596.93, Taiwan weighted enlarged by 664.05 points or 2.02% to 33,492.93, Shanghai Composite lifted by 34.30 points or 0.84% to 4,116.77 and FTSE Bursa Malaysia KLCI index added 11.12 points or 0.65% to 1,709.34.