Asian markets are exhibiting mixed trend in the early deals on Wednesday as the price of oil fell and concerns about Chinese recovery weighed. Meanwhile, Japan's Nikkei share average rose for a third day in volatile trade as the weak yen helped overall sentiment, while index-heavyweight SoftBank Group Corp soared on strong earnings. Among the other Asian markets, Hong Kong, South Korea, Singapore, and Taiwan are in negative territory. Bucking the trend, Shanghai, Indonesia and Malaysia are up with modest gains.
Hang Seng declined 127.65 points or 0.63% to 20,115.03, KOSPI Index dropped 7.44 points or 0.38% to 1,975.06, Taiwan Weighted dipped 6.59 points or 0.08% to 8,149.70, and Straits Times was down by 6.13 points or 0.22% to 2,735.02.
On the flip side, Nikkei 225 added 77.92 points or 0.47% to 16,643.11, Shanghai Composite surged 17.46 points or 0.62% to 2,850.05, Jakarta Composite jumped 26.87 points or 0.56% to 4,789.98, and FTSE Bursa Malaysia KLCI was up by 3.58 points or 0.22% to 1,639.42.