The Indian markets carried forward and resumed from where they had left the equity markets on Monday. The Sensex and Nifty surged in the intraday trade on Tuesday as well.
It was not just Dalal Street that was euphoric on March 18, as the other key Asian indices also soared upon a renewed sense of optimism.
Nikkei 225
The Nikkei 225 index in Tokyo, arguably, one of the most consequential indices surged in value by 1.29 per cent or 480.99 points.
This took the overall value of the Nikkei to 37,877.51 points.
TOPIX
Another major Japanese index TOPIX also surged in the day. The benchmark surged to 2,786.01 points.
This was a result of an increase of 1.38 per cent or 37.89 points in its total value.
Hang Seng Index
When we come to China, the Hang Seng index also made major gains. In fact, Hong Kong had an even better than the other aforementioned indices.
The index soared by 2.15 per cent or 518.34 points, taking the overall value to 24,663.91 points.
The story is a little different in Mainland China, the CSI 300 and SSE Composite, two of the indices based out of Shanghai increased in value, only with minor gains.
CSI 300 Index
At the time of writing, the SSE Composite increased by a marginal 0.078 per cent or 2.66 points, taking its overall value to 3,428.79 points. The CSI 300 index, often considered equivalent to S&P 500 also rose in similar fashion.
The CSI Index went passed the landmark 4,000 mark. At the time of writing, the value of CSI index stood at 4,006.96, with an increase of 0.25 per cent or 10.17 points.
Surge Amid Uncertainty
Coming to Taiwan, the TAIEX also progressed with hopes, as the index increased in value by 0.69 per cent or 153.04 points, taking the overall value to 22,271.67 points.
Seoul-based increased to 2,614.85, marking a minor uptick of 4.16 points or 0.16 per cent.
This surge interestingly comes at a time of increasing uncertainty in the global market. The Trump tariff war has ticked off fears of a recession. In addition, the conflict in the Middle East has once again re-ignited, making way for further instability, possibly a rise in oil prices.
In the previous trading session on Monday, the US indices also exhibited a surge in its value.
Therefore, its remains to be whether this surge would be retained in the upcoming trading sessions.
