Most of Asian equity benchmarks traded in green in early deals on Thursday, as the market sentiments got boosted with the optimism on stimulus-fuelled global economic recovery after US President Joe Biden announced a multi-trillion-dollar infrastructure investment plan. Technological shares gained considerably with the rally of tech shares in Nasdaq overnight, while energy shares were in lower note. Japan’s Nikkei advanced after previous session loss as the exports picked up with the weaker yen, and on economic recovery hopes. Among the Asian markets, Japan, Singapore, Hong Kong, Taiwan, South Korea, China, and Malaysia are in higher note. Bucking the trend, Indonesia is decreasing.
Nikkei 225 up by 194.00 points or 0.66% to 29,372.80, Straits Times increased 9.04 points or 0.29% to 3,174.38, Hang Seng rose by 321.50 points or 1.13% to 28,699.85, Taiwan Weighted lifted 137.14 points or 0.83% to 16,568.27, KOSPI Index buoyed by 21.20 points or 0.69% to 3,082.62, Shanghai Composite widened by 8.45 points or 0.25% to 3,450.36, and FTSE Bursa Malaysia KLCI higher by 5.48 points 0.35% to 1,578.99.
On the flip side, Jakarta Composite lower by 13.57 points or 0.23% to 5,971.95.