Asian markets traded mostly higher in early deals on Monday, driven by optimism surrounding trade deals despite negative cues from Wall Street. Investors are reacting positively to recent developments in US trade policy, although concerns about tariff threats continue to create some market uncertainty. Rally in technological sector stocks, with several companies reporting strong earnings led the gains in local indices. South Korea’s KOSPI advanced in the session supported by the completion of President Lee Jae-myung’s cabinet appointments, reinforcing expectations for policy clarity and increased fiscal support under the new administration.
Nikkei 225 up by 1.98 points or 0.01% to 39,571.66, Hang Seng enlarged by 26.46 points 0.11% to 24,166.03, Straits Times rose by 13.87 points 0.34% to 4,101.68, Jakarta Composite added by 37.81 points or 0.54% to 7,085.25, KOSPI Index climbed by 13.31 points or 0.42% to 3,189.08, Shanghai Composite widened by 15.22 points or 0.43% to 3,525.40, and FTSE Bursa Malaysia KLCI lifted 0.28 points or 0.02% to 1,536.35.
On the flip side, Taiwan Weighted down by 157.07 points 0.69% to 22,593.96.
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