Asian markets are exhibiting mixed trend in the early deals on Wednesday as risk appetite improved following the overnight rally on Wall Street on optimism that the Trump administration is making progress on its tax reform plans. Meanwhile, Japan's Nikkei share average rebounded after Wall Street gained as US lawmakers' comments on tax reform and the debt ceiling boosted investors’ appetite. Among the other Asian markets, Singapore, Indonesia and Taiwan are higher. Bucking the trend, South Korea, Shanghai and Malaysia are lower. The morning trade in Hong Kong stock market was cancelled due to tropical cyclone Hato.
Nikkei 225 gained 58.59 points or 0.3% to 19,442.43, Straits Times added 2.06 points or 0.06% to 3,265.85, Taiwan Weighted increased 40.05 points or 0.39% to 10,432.12, and Jakarta Composite was up by 8.64 points or 0.15% to 5,888.94.
On the flip side, Shanghai Composite declined 6.82 points or 0.21% to 3,283.41, KOSPI Index dropped 1.22 points or 0.05% to 2,364.11, and FTSE Bursa Malaysia KLCI was down by 0.38 points or 0.02% to 1,773.84.