Asian equity benchmarks are trading mixed on Thursday, as the risk appetite in the market with the US Federal Reserves pledge to keep its benchmark interest rate near zero until an economic recovery is complete and a close to deal US covid relief bill, got weighed down with the concerns over peaking new coronavirus infections and lockdown measures. Japan’s Nikkei is extending gains from the previous session despite stronger yen. The market sentiments got boosted with the better than expected industrial production data for November. Among the Asian markets, Japan, Indonesia, China, and Hong Kong, are in negative territory. Bucking the trend, Singapore, Taiwan, South Korea and Malaysia are in lower note.
Nikkei 225 up by 52.62 points 0.20% to 26,810.02, Hang Seng increased by 39.47 points or 0.15% to 26,499.76, Jakarta Composite enlarged 19.77 points 0.32% to 6,138.17, and Shanghai Composite lifted by 21.26 points or 0.63% to 3,388.24.
On the flip side, Straits Times down by 14.19 points or 0.49% to 2,858.61, Taiwan Weighted narrowed 62.19 points or 0.43% to 14,242.27, KOSPI Index lower 13.68 points 0.49% to 2,758.11, and FTSE Bursa Malaysia KLCI curtailed by 8.87 points or 0.53% to 1,672.54.
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