Asian markets trade mostly higher in early deals on Tuesday

Most of the Asian equity benchmarks are trading higher in the early deals on Tuesday with investors mostly treading cautiously amid uncertainty about the outlook for the global economy. On the regional front, the Japanese stock market rallied sharply recovering from the biggest one-day rout this year as expectations for stimulus measures in Japan rose a day after the country reported that its economy slid into recession. The Chinese Shanghai Composite declined as falling home prices added to concerns that an economic slowdown will deepen and an exchange link. Among other markets in the Asia-Pacific region, Singapore, Indonesia and South Korea are notably higher. Malaysia is up marginally. Hong Kong, Taiwan and Shanghai are notably lower. Nikkei 225 soared 287.77 points or 1.70% to 17,261.57, KOSPI Index increased by 21.89 points or 1.13% to 1,965.52, Straits Times spurted by 14.03 points or 0.43% to 3,302.70, Jakarta Composite added 26.23 points or 0.52% to 5,080.17 and FTSE Bursa Malaysia KLCI was up by 4.58 points or 0.25% to 1,811.06. On the flip side, Hang Seng dropped 177.33 points or 0.75% to 23,619.75, Shanghai Composite contracted 10.25 points or 0.41% to 2,463.76 and Taiwan Weighted was down by 41.97 points or 0.47% to 8,842.42.