Most of the Asian equity benchmarks are trading up in the early deals on Wednesday after US and European markets rebounded overnight, following a two-day equities rout due to the shock Brexit vote. Risk appetite also picked up on optimism that central banks will step in with new stimulus measures. Meanwhile, Japanese shares rose, led by financial companies and steel producers, as global equities rebounded amid optimism policy makers will enact measures to stem the fallout from Britain’s decision to leave the European Union.
Nikkei 225 surged 287.76 points or 1.88% to 15,610.90, Hang Seng added 144.11 points or 0.71% to 20,316.57, Shanghai Composite increased 13.90 points or 0.48% to 2,926.46, FTSE Bursa Malaysia KLCI gained 6.81 points or 0.42% to 1,640.85, Taiwan Weighted jumped 74.40 points or 0.87% to 8,579.91, Jakarta Composite rose 72.03 points or 1.48% to 4,954.20, KOSPI Index spurt 26.38 points or 1.36% to 1,962.60, and Straits Times was up by 28.18 points or 1.02% to 2,784.71.