Asian markets open in green on strong US stocks
Asian share markets continued to trade in green in early trade sessions on Tuesday.
According to a report by Reuters, Asian stocks held firm around a 2 and half month peak which was brought on a day after U.S. shares hit a record high thanks to a combination of upbeat U.S. data and expectations of more stimulus around the world.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose slightly to hit its highest level since late April in early trade. Japan’s Nikkei was trading up 2.65%.
The S&P 500 index on Wall Street broke the record high it held for more than a year on Monday, the report added.
The benchmark closed at a record 2,137.16, overtaking the previous high of 2,130.82 hit on May 21, 2015.
SGX Nifty also remained above the 8400 point barrier trading at 8521.50 points.
Hang Seng Index was up 0.72% at 21,030.96 points.
Brent crude futures were trading down at $46.38 per barrel in early Asian trade on Tuesday.