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Asian markets trade mostly in green in early deals

29 Aug 2018 Evaluate

Asian markets are trading mostly in green in early deals on Wednesday, following little movement overnight in the U.S. and Europe. Traders took some support with report that Canada’s Foreign Minister Chrystia Freeland has arrived in Washington to resume talks about the future of the three-nation North American Free Trade Agreement or NAFTA, after the U.S. and Mexico agreed to a new trade deal on Monday. Japanese Nikkei edged higher ahead of August results for its consumer confidence index. Among the other Asian markets, Taiwan, Singapore, Hong Kong and South Korea are in positive territory. On the other hand, Indonesia and Shanghai are in negative terrain.

Nikkei 225 gained 100.93 points or 0.44% to 22,914.40, Taiwan Weighted increased 83.14 points or 0.75% to 11,072.69, Straits Times rose 3.93 points or 0.12% to 3,251.48, Hang Seng added 64.01 points or 0.23% to 28,415.63 and KOSPI was up by 5.50 points or 0.24% to 2,308.62.

On the flip side, Jakarta Composite decreased 31.23 points or 0.52% to 6,011.42 and Shanghai Composite was down by 9.75 points or 0.35% to 2,768.23.