Most of the Asian equity benchmarks are trading higher on Wednesday despite negative cues from Wall Street with the inversion of US yield-curve. An inverted yield curve indicates investors’ worries about the economy’s health, and has been a reliable indicator of a coming recession. The market is buoyed with the expectation on monetary easing by central banks .The Japan's Nikkei is advancing with a weaker yen, as the investors digested the report that Japan downgraded South Korea’s trade status officially. Among the other Asian markets, South Korea, Indonesia, Hong Kong, Singapore and Taiwan are in positive territory. Bucking the trend, Shanghai and Malaysia are trading lower.
Nikkei 225 rose 29.84 points or 0.15% to 20,485.92, Straits Times up 4.27 points or 0.14% to 3,071.79, Hang Seng gained 13.68 points or 0.05% to 25,677.75, Taiwan Weighted added 37.86 points or 0.36% to 10,425.09,KOSPI Index increased 11.99 points or 0.62% to 1,936.59 ,and Jakarta Composite higher 10.24 points or 0.16% to 6,288.41.
On the flip side, Shanghai down 9.49 points 0.33% to 2,892.70, and FTSE Bursa Malaysia KLCI lower 2.43 points or 0.15% to 1,588.41.
