Asian markets trade in green in early deals of Monday
Hang Seng surge by 378.47 points 1.47% to 26,155.00
Asian markets traded in green in early deals of Monday, driven by improved risk appetite following US-led initiatives to secure shipping lanes in the Strait of Hormuz. Rally in technological sector with the massive AI demand, amidst profitability and positive revenue forecasts kindled Asian indices. As per reports, South Korea’s factory activity expanded at its fastest pace in more than four years in April boosting the investor sentiments. Hang Seng soared in the session, marking a six week high, with the positive global cues. Stock markets of Japan and China are closed for a holiday for Greenery Day and Labor Day respectively.
Hang Seng surged by 378.47 points 1.47% to 26,155.00, Straits Times up by 29.61 points 0.60% to 4,942.30, Taiwan weighted added by 1,763.28 points or 4.53% to 40,689.91, Jakarta Composite widened by 11.72 points or 0.17% to 6,968.52, KOSPI Index rose by 307.09 points or 4.65% to 6,905.96, and FTSE Bursa Malaysia KLCI index lifted by 8.82 points or 0.51% to 1,730.84.
