Asian equity benchmarks are trading up in the early deals on Wednesday, tracking the positive lead overnight from Wall Street and European markets. Expectations of further stimulus measures by the Chinese government to boost the economy also raised investor sentiment. Meanwhile, Japan's Nikkei share average rebounded 5 percent as rallies in US and European stocks dramatically boosted morale after the Nikkei wiped out its year-to-date gains on Tuesday.
Nikkei 225 surged 952.92 points or 5.47% to 18,380.00, Hang Seng strengthened by 630.50 points or 2.97% to 21,889.54, FTSE Bursa Malaysia KLCI gained 11.92 points or 0.75% to 1,599.04, KOSPI Index added 46.25 points or 2.46% to 1,924.93, Shanghai Composite jumped 53.66 points or 1.69% to 3,224.12, Taiwan Weighted increased 264.49 points or 3.31% to 8,265.99, Jakarta Composite spurt 22.69 points or 0.53% to 4,341.29 and Straits Times was up by 12.72 points or 0.44% to 2,898.04.