Tuesday 10 September 2013

Asian markets trade higher in early deals as Syria tensions ease

Asian markets are trading mostly in the green in the early deals on Tuesday as sentiments got boosted by signs that the US will wait before launching a military strike against Syria. The US government has suggested that it might hold back if Syria cedes its stock of chemical weapons. Moreover, decline in international crude prices too aided the sentiments across the region. Meanwhile, Chinese benchmarks were trading higher in morning deals as investors were hopeful that industrial output and retail sales will provide more evidence that world's second biggest economy has averted a sharp slowdown.

Shanghai Composite rose 5.00 points or 0.23% to 2,217.52, Hang Seng jumped 134.74 points or 0.59% to 22,885.39, Jakarta Composite soared 83.57 points or 1.99% to 4,274.83, KLSE Composite increased 13.37 points or 0.77% to 1,760.40, Nikkei 225 surged 166.30 points or 1.17% to 14,371.53, Straits Times added 7.46 points or 0.24% to 3,095.66 and Seoul Composite was up by 3.89 points or 0.20% to 1,978.56.

On the flip side, Taiwan Weighted was down by 24.14 points or 0.29% to 8,167.97. 

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