Most of the Asian equity benchmarks are trading mixed in the early deals on Tuesday, with investors mostly treading cautiously amid worries about the escalating violence in Iraq. The overnight flat close on Wall Street also contributed to an extent to the somewhat sluggish movements in the region. Meanwhile, the Japanese stock markets surged higher as brokerages and precision-instrument makers climbed. However, worries about the escalating violence in Iraq limited market's gains to an extent. Among other markets in the Asia-Pacific region, Hong Kong, Shanghai and Singapore are notably lower. Malaysia is down marginally, while Indonesia, South Korea and Taiwan are modestly higher.
Hang Seng declined 141.72 points or 0.61% to 23,158.95, Straits Times slipped by 17.43 points or 0.53% to 3,272.83, Shanghai Composite decreased by 17.28 points or 0.83% to 2,068.70 and FTSE Bursa Malaysia KLCI was down by 1.11 points or 0.06% to 1,870.47.
On the flip side, Nikkei 225 spurted by 53.96 points or 0.36% to 14,987.25, KOSPI Index soared 4.05 points or 0.20% to 1,997.64, Taiwan Weighted increased 34.84 points or 0.38% to 9,237.77 and Jakarta Composite was up by 0.64 points or 0.01% to 4,886.10.
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