Asian markets are trading mostly in green in early deals on Wednesday after US stocks extended gains overnight as upbeat corporate earnings results helped offset worries about rising US-China trade tensions. Expectations of increased Chinese government spending on infrastructure also boosted sentiments. Though, China stocks fell after the United States said it would begin collecting 25 percent tariffs on an additional $16 billion worth of Chinese goods this month, the latest volley in an increasingly heated Sino-US trade war. Among the other Asian markets, Nikkei, Hong Kong, South Korea, Malaysia, Indonesia, and Taiwan are higher. Bucking the trend, Singapore is lower.
Nikkei 225 gained 85.42 points or 0.38% to 22,748.16, Hang Seng rose 119.96 points or 0.42% to 28,368.84, KOSPI Index increased 6.94 points or 0.30% to 2,307.10, FTSE Bursa Malaysia KLCI spurt 5.40 points 0.30% to 1,796.49, Jakarta Composite added 10.94 points or 0.18% to 6,102.19, and Taiwan Weighted up by 104.43 points or 0.94% to 11,087.87.
On the flip side, Straits Times dropped 19.03 points or 0.57% to 3,320.97, and Shanghai Composite down by 8.88 points or 0.32% to 2770.49.
