Most of the Asian equity benchmarks are trading in green on Wednesday, whetted by the gains in the US stock market as the election results trickle in. Investor sentiments also boosted with the firmer US manufacturing activity for the month of September. The factory orders jumped by 1.1 percent in September after rising by a revised 0.6 percent in August, pointing a considerable economic recovery after the damage caused by the pandemics. Oil shares are weaker despite stronger crude oil overnight. Japan’s Nikkei which resumed trading after a holiday in the previous session, is trading in upper side in line with positive Wall street overnight and on increased exporting despite firmer yen. Among the Asian markets, Singapore, Hong Kong, Taiwan South Korea, Indonesia and Malaysia are in positive side. Bucking the trend, China is trading lower.
Nikkei 225 up by 473.11 points, 2.03% to 23,768.59, Straits Times rose by 19.80 points 0.79% to 2,517.02, Hang Seng lifted by 14.04 points or 0.06% to 24,953.77, Taiwan Weighted boosted 119.37 points 0.94% to 12,855.38, KOSPI Index increased 14.19 points or 0.61% to 2,357.50, Jakrata Composite jumped by 6.70 points or 0.13% to 5,166.15 and FTSE Bursa Malaysia KLCI buoyed by 7.36 points or 0.50% to 1,468.81.
On the flip side, Shanghai Composite dipped by 5.35 points or 0.16% to 3,265.72.
