Asian markets trade mostly higher; Kospi index up over 1.5%

On the economy front, China’s industrial profits rose 19.1% in August, the country’s National Bureau of Statistics announced over the weekend.

Sep 28, 2020 11:09 IST India Infoline News Service

Asian markets were trading mostly higher on Monday ahead of a US Presidential debate and amid a resurgence of Covid-19 cases in Europe.

Hang Seng index rose 0.74%, the Shanghai Composite was marginally up 0.14%, the Nikkei 225 added 0.85% while the Topix index gained 0.57% and South Korea’s Kospi also rose 1.53%.

On the economy front, China’s industrial profits rose 19.1% in August, the country’s National Bureau of Statistics announced over the weekend.

Meanwhile, US stocks see another volatile session as morning weakness sees huge buying interest as Dow Jones closes higher by over 350 points after seeing intraday swings of over 650 points. Nasdaq swings back into action as technology stocks make a comeback with the index closing higher by over 240 points.

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