Asian markets trade mostly higher in early deals on Monday
Nikkei surge by 1,153.82 points or 1.93% to 60,870.00
Asian markets traded mostly higher in early deals on Monday, driven by the risk appetite in the market with the strong economic data. Rally in technological sector stocks and higher crude oil rates supported the indices. Market sentiments boosted after reports that China’s Industrial profits rose 15.5% year-on-year in the first quarter of 2026, accelerating from 15.2% in January-February. Japan's Nikkei soared to record high ahead to this week’s Bank of Japan policy meeting, where interest rates are widely expected to stay unchanged.
Nikkei soared by 1,153.82 points or 1.93% to 60,870.00, Hang Seng up by 33.93 points 0.13% to 26,012.00, KOSPI Index lifted by 174.76 points or 2.70% to 6,650.39, Jakarta Composite rose by 51.69 points or 0.73% to 7,181.18, Shanghai Composite increased by 5.98 points or 0.15% to 4,085.88, Taiwan weighted gained by 1,057.39 points or 2.72% to 39,989.79, and FTSE Bursa Malaysia KLCI index added by 5.50 points or 0.33% to 1,695.21.
On the flip side, Straits Times down by 18.37 points or 0.37% to 4,904.49.
