The Asian equity benchmarks are trading in green in early deals on Wednesday, following the overnight rally on Wall Street amid optimism about a potential US-China trade deal and a near-term interest rate cut by the US Federal Reserve. Sentiment was also boosted after European Central Bank President Mario Draghi suggested the bank will announce more stimulus, which could be through rate cuts or asset purchases, to bolster growth. The Japanese market is advancing, while the safe-haven yen weakened following the overnight rally on Wall Street.
Nikkei 225 up by 367.72 points or 1.75% to 21,340.43, Hang Seng jumps to 651.56 points or 2.37% to 28,150.33, Taiwan Weighted increases by 144.88 points or 1.37% to 10,727.39, KOSPI Index jumps to 26.88 points or 1.28% to 2,125.59, Jakarta Composite was up by 53.68 points or 0.86% to 6,311.01, Shanghai increases by 43.48 points or 1.50% to 2,933.64, FTSE Bursa Malaysia KLCI jumps to 9.86 points or 0.60% to 1,662.62, and Straits Times was up by 41.20 points or 1.27% to 3,279.93.
