Asian equity benchmarks are trading higher in the early deals on Wednesday, following the overnight gains on Wall Street and the surge in crude oil prices. Nevertheless, investors are in a cautious mood ahead of the Federal Reserve's monetary policy decision. Meanwhile, stocks in China and Hong Kong rallied, led by real estate firms, after developers posted stellar profits for 2017. The Japanese market is closed for the Vernal Equinox.
Hang Seng rose 381.12 points or 1.21% to 31,931.05, Straits Times added 7.85 points or 0.22% to 3,521.16, Jakarta Composite gained 49.07 points or 0.79% to 6,292.65, Taiwan Weighted spurt 24.79 points or 0.23% to 11,035.63, Shanghai Composite strengthen 15.64 points or 0.48% to 3,306.28, FTSE Bursa Malaysia KLCI increased 6.15 points or 0.33% to 1,862.54, and KOSPI Index up by 1.59 points or 0.06% to 2,487.11.
