Most of the Asian equity benchmarks are trading higher in the early deals on Wednesday, though markets opened lower on account of mounting concerns over a slowing global economic growth and uncertainty around US- China trade row. The Japanese stock market rebounded from its early losses in the session, as the investors eyed ahead to the report from Bank of Japan concluding its monetary policy meeting and its decision on interest rates today. However, stronger yen capped the gains in the session. Meanwhile, the Wall Street stocks dropped to their lows of the day followed by a report that US cancelled preparatory trade talks this week with Chinese vice ministers, which was denied later by White House economic advisor Larry Kudlow.
Nikkei 225 up 20.39 points or 0.10% to 20,643.30, Hang Seng rose16.45 points or 0.06% to 27,021.90, Shanghai Composite firmed by 1.92 points or 0.07% to 2,581.62, KOSPI Shares climbed 5.44 points or 0.26% to 2,123.21 and Jakarta Composite rose11.27 points or 0.17% to 6,479.83.
On the flip side, Straits Times declined 6.40 points or 0.20% to 3,186.31, Taiwan Weighted dipped 57.79 points or 0.58% to 9,836.87, and FTSE Bursa Malaysia KLCI down by 16.38 points or 0.96% to 1,685.74.
