Asian equity markets are trading mostly in green in early deals on Wednesday led by rebounded in Japanese market. The Japanese Nikkei climbed into positive territory, after opening lower in volatile trades following the weak cues overnight from global markets. On the economic front, the Bank of Japan said that the monetary base in Japan soared 33.3 percent on year in August, coming in at 322.926 trillion yen. That follows the 32.8 percent spike in July. The adjusted monetary base jumped an annual 41.0 percent. However, gains remained capped as slowing growth in China added to worries about the global economy.
Jakarta Composite increased 1.78 points or 0.04% to 4,414.24, KOSPI Index rose 3.28 points or 0.17% to 1,917.51, Straits Times jumped 10.42 points or 0.36% to 2,893.19, Taiwan Weighted gained 41 points or 0.51% to 8,058.56 and Nikkei 225 was up by 208.91 points or 1.15% to 18,374.60.
On the flip side, Hang Seng decreased 52.99 points or 0.25% to 21,132.44, Shanghai Composite shed 16.13 points or 0.51% to 3,150.50 and FTSE Bursa Malaysia KLCI was down by 12.12 points or 0.75% to 1,597.09.