Asian markets traded mostly higher in early deals on Thursday, on account of risk appetite in the market with the optimism surrounding potential trade deals. The gains were further supported by a global chip rally following Nvidia’s surge. The Bank of Korea held its base rate at 2.50%, following a 25-basis-point cut in May, maintaining a cautious stance over rising household debt and economic pressure from the US tariffs. China’s Shanghai also advanced ahead to Chinese trade data due over the weekend.
Hang Seng up by 22.47 points 0.09% to 23,914.79, Straits Times rose by 16.68 points 0.41% to 4,074.50, Jakarta Composite added by 57.78 points or 0.83% to 7,001.70, KOSPI Index buoyed by 32.15 points or 1.03% to 3,165.89, Taiwan Weighted enlarged by 115.03 points 0.51% to 22,642.04 and Shanghai Composite widened by 12.53 points or 0.36% to 3,505.58.
On the flip side, Nikkei 225 down by 185.58 points or 0.47% to 39,635.70, and FTSE Bursa Malaysia KLCI lower 1.80 points or 0.12% to 1,527.44.
About The Author
