Asian markets trade in green in early deals on Tuesday
KOSPI Index surged by 192.30 points or 3.31% to 6,000.92
Asian markets traded in green in early deals on Tuesday, kindled by the risk appetite in the market with the optimism over a potential longer-term agreement between the US and Iran. Additionally, inflationary pressures eased with the decline in crude oil rates and bets on hawkish central bank stance kindled investor sentiments. Rally in technology and AI-related stocks buoyed the indices. Japan’s Nikkei soared to six-week high with the positive global cues. While, South Korea’s KOSPI surged the most among Asian indices and marked its highest level since late February.
Nikkei soared by 1,381.23 points or 2.44% to 57,884.00, Straits Times advanced by 28.14 points or 0.56% to 5,012.31, Hang Seng rose by 127.15 points 0.49% to 25,788.00, Taiwan weighted added by 832.33 points or 2.35% to 36,289.62, KOSPI Index surged by 192.30 points or 3.31% to 6,000.92, Jakarta Composite widened by 160.57 points or 2.14% to 7,660.76, Shanghai Composite increased by 14.54 points or 0.36% to 4,003.10, and FTSE Bursa Malaysia KLCI index was up by 11.67 points or 0.69% to 1,692.19.
