Asian markets are exhibiting mixed trend in the early deals on Wednesday, with upward momentum from a record day on Wall Street and buoyant oil prices offset by investors caution ahead of the Fed's upcoming interest rate decision. Meanwhile, the Japanese market is advancing, with investors’ sentiments bolstered by the positive cues overnight from Wall Street and a weaker yen. Among the other Asian market, Taiwan, Shanghai, South Korea, and Malaysia are in negative territory. Bucking the trend, Indonesia, Hong Kong and Singapore are higher.
Nikkei 225 added 87.4 points or 0.44% to 20,042.60, Hang Seng increased 9.04 points or 0.03% to 26,861.09, Jakarta Composite gained 9.18 points or 0.16% to 5,822.72, and Straits Times was up by 3.91 points or 0.12% to 3,331.74.
On the flip side, Taiwan Weighted dropped 22.72 points or 0.22% to 10,440.43, Shanghai Composite dipped 11.95 points or 0.37% to 3,231.74, KOSPI Index slipped 9.78 points or 0.4% to 2,430.12, and FTSE Bursa Malaysia KLCI was down by 0.42 points or 0.02% to 1,762.92.