Asian equity benchmarks are trading mixed on Wednesday on account of recession worries on Wall Street followed by a drop of bond yields. Meanwhile, investors are waiting for the release of minutes of July meeting to be held later this day by the US Federal Reserve and also the annual speech of Federal Reserve Chairman Jerome Powell at the symposium Jackson Hole, Wyoming on Friday. Japan's Nikkei is losing followed by weak cues from Wall Street, while the safe-haven yen strengthened. Among the other Asian markets, Singapore, Indonesia and Malaysia are in negative territory. However, Hong Kong, Taiwan, South Korea, and Shanghai are trading higher.
Nikkei 225 down 70.60 points or 0.34% to 20,606.62, Straits Times dipped 12.15 points or 0.39% to 3,123.80, Jakarta Composite decreased by 36.78 points or 0.58% to 6,258.96 and FTSE Bursa Malaysia KLCI down 2.97 points or 0.19% to 1,599.78.
On the flip side, Hang Seng rose 30.78 points or 0.12% to 26,262.32, Taiwan Weighted gained 2.14 points or 0.02% to 10,524.64, and Shanghai added 2.26 points 0.08% to 2,882.26, and KOSPI Index up by 2.69 points or 0.14% to 1,962.94.
