Epic Research Update : Asian Markets

Japan’s benchmark index rallied on Tuesday thanks to a weaker currency while the rest of Asian equities were subdued after notching up solid gains in recent sessions.

With US markets shut on Monday for the President’s Day holiday, traders looked to Europe for trading cues, where stocks closed higher, led by a 1 percent gain in the UK’s FTSE 100.

China’s Shanghai Composite declined 0.45 percent or 9.66 points at 2,125.75 and Hong Kong’s Hang Seng fell 0.24 percent or 53.83 points at 22,482.11.

Singapore’s Straits Times was down 0.15 percent or 5.47 points at 3,064.71 and South Korea’s Seoul Composite shed 0.40 percent or 7.84 points at 1,938.52.

Taiwan’s Taiwan Weighted was flat at 8,514.79 and Japan’s Nikkei rose 0.85 percent or 122.48 points at 14,515.59.

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