Asian markets are trading mostly in green in early deals on Wednesday, ahead of a meeting of major industrialized economies overshadowed by tension over US steel tariffs. The Japanese market is edging higher after a weak start following the mostly positive cues from Wall Street and on a slightly weaker yen. Among the other Asian markets, Malaysia, Hong Kong and Taiwan are also higher. Bucking the trend, Shanghai, Singapore and Indonesia are lower. The markets in South Korea are closed for the Memorial Day holiday.
Nikkei 225 gained 95.18 points or 0.42% to 22,634.72, Hang Seng added 141.01 points or 0.45% to 31,234.46, Taiwan Weighted increased 80.28 points or 0.72% to 11,180.39, and FTSE Bursa Malaysia KLCI up by 4.72 points or 0.27% to 1,759.86.
On the flip side, Jakarta Composite declined 7.14 points or 0.12% to 6,081.65, Shanghai Composite dropped 4.59 points or 0.15% to 3,109.61, and Straits Times down by 7.85 points or 0.23% to 3,475.31.
