Most of the Asian equity benchmarks are trading higher on Wednesday, as the growth optimism spurred followed by the report from International Monetary Fund raising outlook for global economic growth this year to 5.5% from 5.2% projected earlier. Meanwhile, some gains remained capped as the market looked ahead to the US Federal Reserve's monetary policy decision due later in the day. Japan’s Nikkei rebounded in the session after losses in the previous session, with improved exporting despite a slightly stronger yen. Among the Asian markets, Japan, Hong Kong, Singapore, Taiwan, China and Malaysia are in positive note. Bucking the trend Indonesia and South Korea are trading lower.
Nikkei 225 up by 83.04 points or 0.29% to 28,629.22, Hang Seng increased by 62.76 points or 0.21% to 29,454.02, Straits Times enlarged by 10.22 points or 0.35% to 2,955.74, Taiwan Weighted widened 64.10 points or 0.41% to 15,722.95, Shanghai Composite higher by 0.82 points or 0.02% to 3,570.25 and FTSE Bursa Malaysia KLCI lifted by 12.57 points 0.80% to 1,587.88.
On the flip side, KOSPI Index down 1.61 points or 0.05% to 3,138.70, and Jakarta Composite narrowed 48.37 points or 0.79% to 6,091.80.
