Most of the Asian equity benchmarks are trading in green in the early deals on Wednesday despite the modest losses overnight on Wall Street as investors awaited fresh directional cues from US-China trade negotiations. China stocks edge higher, bolstered by hopes Beijing will pursue more stimulus this year to underpin the cooling economy. Among the other Asian markets, Hong Kong, Indonesia, Malaysia and Taiwan are higher. Bucking the trend, Nikkei, Singapore, and South Korea are lower.
Hang Seng added 60.69 points or 0.21% to 29,022.29, Jakarta Composite gained 11.14 points or 0.17% to 6,452.42, Shanghai Composite spurt 28.62 points or 0.94% to 3,082.87, FTSE Bursa Malaysia KLCI increased 1.36 points or 0.08% to 1,686.98, and Taiwan Weighted up by 45.42 points or 0.44% to 10,350.68.
On the flip side, Nikkei 225 dropped 147.83 points or 0.68% to 21,578.45, Straits Times decreased 3.34 points or 0.10% to 3,230.73, and KOSPI Shares down by 7.91 points or 0.36% to 2,171.32.
