Epic Research Update : Asian Markets

Asian stock markets traded mixed early Tuesday, as investors awaited a raft of data from China for further trading cues.



Japan’s benchmark Nikkei 225 edged up to a one-and-a-half-week high in early trade as dollar-yen inched up above the 118 handle, buoying exporter stocks.



South Korean shares jumped to a one-and-a-half-week high, helped by a robust performance among blue-chip majors. Samsung Electronics, the heaviest weighted stock on the Kospi index, advanced nearly 1 percent on news that the electronics giant could be considering a stock split, said Reuters quoting an executive. KB Financial Group opened up 1.1 percent while utility Kepco jumped 3.2 percent.



Malaysia’s benchmark FTSE Bursa Kuala Lumpur Composite index was lackluster ahead of Prime Minister Najib Razak’s announcement of policy changes, in a bid to help the country’s oil-exporting economy deal with the plunging price of crude.



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Posted in: Indian Market Tips