Most of the Asian equity benchmarks are trading higher in the early deals on Wednesday despite mixed cues overnight from Wall Street as data showed easing inflation in China. Gains are muted as investors traded cautiously amid concerns about the global economy. On the regional front, the Japanese stock market opened higher following the recent selloff. Among other markets in the Asia-Pacific region, Malaysia, Hong Kong, Shanghai, Singapore and Indonesia are trading in positive territory with modest gains, while, South Korea and Taiwan are trading slightly lower.
Nikkei 225 spurted by 105.66 points or 0.71% to 15,042.17, Hang Seng added 153.14 points or 0.66% to 23,201.11, Straits Times strengthened by 3.06 points or 0.10% to 3,197.46, Jakarta Composite gained 28.71 points or 0.58% to 4,951.29, Shanghai Composite improved 10.29 points or 0.44% to 2,369.76 and FTSE Bursa Malaysia KLCI was up by 1.41 points or 0.08% to 1,797.79.
On the flip side, KOSPI Index dropped 1.01 points or 0.05% to 1,928.24 and Taiwan Weighted was down by 74.20 points or 0.85% to 8,694.19.