Asian equity benchmarks are trading mixed in early deals on Thursday amid reports that investors are waiting for passing of a $2 trillion stimulus package in the US to overcome the economic impact of the escalating coronavirus pandemic. Further, investors waiting for the release of a report on weekly US jobless claims scheduled to be released later in the day, to reflect the impacts of the coronavirus outbreak supported the sentiments. Japan's Nikkei is trading lower amid mixed cues from Wall Street. Among the Asian markets, Taiwan, South Korea, Indonesia, and Malaysia are in positive territory. Bucking the trend, Singapore, Shanghai and Hong Kong are trading in red.
Taiwan Weighted increased 88.33 points or 0.88% to 9,729.71, KOSPI Index jumped to 27.55 points or 1.62% to 1,732.31, Jakarta Composite climbed to 378.79 points or 9.62% to 4,316.42, and FTSE Bursa Malaysia KLCI up by 6.43 points or 0.49% to 1,330.93.
Nikkei 225 down 649.74 points or 3.32% to 18,896.89, Straits Times shortened 12.52 points or 0.50% to 2,492.95, Hang Seng declined 0.27 points or 0.00% to 23,526.92, and Shanghai down by 8.28 points or 0.30% to 2,773.31.
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