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Asian markets open mixed on Tuesday: Nikkei 225 rallies 1%, Hang Seng slips
['Devesh Kumar']
Invezz
Asian markets tiptoed into Tuesday’s session, with a cautiously optimistic mood, and most benchmarks edged slightly higher, building on Wall Street’s tech-fueled surge and brightening hopes for the region’s pivotal export sectors.
Hang Seng, CSI 300 and the Indian market hopesCopy link to sectionIn Hong Kong, Hang Seng started trading at 26,186.85, down 0.60% from the last close of 26,344, as traders remain wary about the impact of Super Typhoon Ragasa, likely to disrupt the city by midweek.
Turning to India, early signals from GIFT Nifty suggest another flat to slightly higher open for Sensex and Nifty 50.
Yesterday’s selloff in Indian tech stocks, spooked by fresh US visa fees, has left traders edgy, but the market’s fundamental undertone is still constructive.
Analysts expect the benchmarks could stabilize if global cues remain upbeat, especially if foreign fund flows and local consumption trends perk up through the week.
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