Most of the Asian equity benchmarks are trading up in the early deals on Wednesday, as confidence grew that Greece would reach a new debt deal with its European creditors enabling it to stay in the euro currency bloc. The Japanese market is closed for a public holiday. Elsewhere, another series of Chinese data releases are expected to generate interest today. Among the other markets in the Asia-Pacific region, Shanghai, New Zealand, South Korea, Taiwan, Indonesia, Singapore and Malaysia are in positive territory with modest gains. Meanwhile, Hong Kong is lower.
Jakarta Composite surged 16.91 points or 0.32% to 5,338.38, FTSE Bursa Malaysia KLCI rose 0.24 points or 0.01% to 1,811.36. Taiwan Weighted jumped 73.11 points or 0.78% to 9,466.81, Straits Times added 9.05 points or 0.26% to 3,443.29 , KOSPI Index increased 10.61 points or 0.55% to 1,946.47 and Shanghai Composite was up by 6.46 points or 0.21 % to 3,148.05.
On the flip side, Hang Seng was down by 190.75 points or 0.78% to 24,337.35.