Most of the Asian equity benchmarks are trading higher on Wednesday, following better than expected earnings results from major US companies. Moreover, optimism about a possible Brexit deal also boosted investors’ sentiment. The Japanese market is advancing in line with the positive cues from US stocks. But Hong Kong markets pared some gains as tensions continued to brew in the financial hub. Among the other Asian markets, Singapore, Hong Kong, Taiwan, South Korea and Malaysia are in positive territory. Bucking the trend, Indonesia, and Shanghai are trading lower.
Nikkei 225 up 276.48 points 1.25% to 22,483.69, Straits Times rose 18.63 points or 0.60% to 3,134.80, Hang Seng increased 2.02 points or 0.01% to 26,505.95, Taiwan Weighted hiked 18.54 points or 0.17% to 11,130.34, KOSPI Index enlarged 9.83 points or 0.48% to 2,078.00 and FTSE Bursa Malaysia KLCI jumped 2.43 points or 0.16% to 1,568.66.
On the flip side, Jakarta Composite narrowed by 9.48 points or 0.15% to 6,148.69, and Shanghai down 8.31 points 0.28% to 2,982.74.
