Most of the Asian market indices are trading higher in early deals on Wednesday, as investors digested a raft of economic data and corporate earnings results. Besides, the positive cues from Wall Street overnight also fuelled the uptrend. The Chinese market is higher despite the release of weaker than expected China manufacturing PMI data for the month of October. Among the other Asian markets, Nikkei, Singapore, Hong Kong, Taiwan, South Korea, and Malaysia are higher. Bucking the trend, Indonesia is lower.
Nikkei 225 jumped 372.45 points or 1.71% to 21,829.74, FTSE Bursa Malaysia KLCI added 9.20 points or 0.55% to 1,695.14, Shanghai Composite gained 29.00 points or 1.12% to 2,597.05, KOSPI Shares increased 3.25 points or 0.16% to 2,017.94, Hang Seng spurt 147.44 points or 0.60% to 24,732.97, Straits Times rose 19.37 points or 0.65% to 2,985.82, and Taiwan Weighted up by 189.15 points or 1.95% to 9,715.26. On the flip side, Jakarta Composite down by 13.00 points or 0.23% to 5,776.10.
