Asian markets traded mostly higher in early deals on Monday, on account of rally in technological sector stocks along with growing AI-linked demand. Investors’ sentiment got boosted with the rise in China’s exports, rising trade surplus, and supporting policy measure in the country. South Korea’s KOSPI notched a fresh record high after the country recorded increase in exports of about 43.7% year-on-year in the first 10 days of May, with semiconductor shipments surging almost 150% to a record high.
Straits Times up by 15.26 points 0.31% to 4,937.16, Taiwan weighted rose by 402.87 points or 0.97% to 42,006.81, KOSPI Index surged by 390.05 points or 5.20% to 7,888.05, Shanghai Composite increased by 25.05 points or 0.60% to 4,205.00, and FTSE Bursa Malaysia KLCI index lifted by 1.89 points or 0.11% to 1,749.95.
On the flip side, Nikkei down by 216.65 points or 0.35% to 62,497.00, Hang Seng dipped by 53.71 points 0.20% to 26,340.00, and Jakarta Composite narrowed by 79.13 points or 1.14% to 6,890.27.
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