All of the Asian markets are trading higher in early deals on Wednesday, following the positive cues from Wall Street after Federal Reserve Chairman Jerome Powell gave a positive outlook of the US economy in his testimony before the Senate Banking Committee and reiterated that gradually raising interest rates is ‘the best way forward.’ Investors also digested upbeat corporate earnings results. Meanwhile, Japan’s Nikkei continued to rally as the yen remained weak against the US dollar.
Nikkei 225 rose 135.03 points or 0.59% to 22,832.39, Hang Seng surged 87.11 points or 0.31% to 28,268.79, Jakarta Composite gained 21.37 points or 0.36% to 5,882.88, Taiwan Weighted added 23.64 points or 0.22% to 10,802.63, KOSPI Index spurt 2.12 points or 0.09% to 2,300.04, FTSE Bursa Malaysia KLCI increased 5.17 points or 0.30% to 1,742.45, Straits Times jumped 11.22 points or 0.35% to 3,250.86, and Shanghai Composite up by 14.21 points or 0.51% to 2,812.34.
