Asia markets shrug off Trump concern to climb higher

Asia markets gained on Tuesday morning as investors shrugged off the disappointment from the current US administration's ability to push through legislation to repeal and replace the Obama-era health-care law.

Japan's Nikkei 225 rose 0.82 percent, recovering most of its losses of 276 points, or 1.44 percent, seen yesterday.

In South Korea, the Kospi was up 0.28 percent, after the country revised its fourth-quarter gross domestic product up 2.4 percent year-on-year, from the 2.3 percent expected gain. For the full year, the economy grew by 2.8 percent, expanding at a similar rate to 2015, Reuters reported.

The Shanghai composite was down 0.09 percent and Shenzhen composite slipped 0.1 percent. Hong Kong's Hang Seng index was up 0.61 percent in early trade.

The dollar traded at 99.205 against a basket of currencies at 9:40 am HK/SIN. Against the greenback, the yen was stronger at 110.65 and the Australian dollar was at USD 0.7626.

Oil prices continued to slide on Monday as investors remained uncertain about whether the OPEC and non-OPEC supply curb deal would continue beyond June.During Asian hours, Brent crude was up 0.1 percent at USD 50.80 a barrel, and US crude was up 0.19 percent at USD 47.83.

For more information & more Stock Tips

Call us ✆ – 0731-6642300 or


Connect with our social media sites
Next Post »