Most of the Asian equity benchmarks are trading higher on Wednesday ahead of the US Federal Reserve's monetary policy decision due later in the day. However, lingering uncertainty about a US-China trade deal before additional American tariffs on Chinese goods are set to kick in on December 15, weighed on market sentiments. Japan's Nikkei is in negative momentum after opening higher, despite a weaker yen. Among the Asian markets, Hong Kong, Taiwan, Taiwan, Shanghai, Singapore, and South Korea are in positive lead. Bucking the trend, Japan, Indonesia and Malaysia are trading lower.
Straits Times up 9.22 points or 0.29% to 3,172.11, Hang Seng lifted 86.27 points or 0.33% to 26,522.89, Taiwan Weighted increased 59.13 points or 0.51% to 11,686.97, KOSPI Index widened 8.98 points or 0.43 % to 2,106.98 and Shanghai enlarged 3.53 points or 0.12% to 2,920.85.
On the flip side, Nikkei 225 down 45.16 points 0.19% to 23,365.03, Jakarta Composite contracted by 0.43 points or 0.01% to 6,183.08 and FTSE Bursa Malaysia KLCI diminished by 0.92 points or 0.06% to 1,561.79.
