Most of the Asian equity benchmarks are trading higher on Wednesday, kindled by the hopes of back to normalcy soon amid reports of decline in number of covid infections in different parts of the world and vaccine rollout in good pace. Oil stocks eased considerably despite surge in crude oil rates overnight. Gold miners are mixed though the yellow metal extended gains to third session in a row. Japan’s Nikkei is in negative note as the participants went cautious with the mixed corporate earnings results and in line with the weaker cues from US stock markets overnight. Among the Asian markets, Hong Kong, China, South Korea, and Malaysia are in positive note. Bucking the trend, Japan, Singapore, and Indonesia are trading lower
Hang Seng increased by 512.53 points or 1.74% to 29,988.72, KOSPI Index widened 15.12 points or 0.49% to 3,099.79, Shanghai Composite buoyed by 42.15 points or 1.17% to 3,645.64 and FTSE Bursa Malaysia KLCI lifted by 1.05 points 0.07% to 1,587.18.
On the flip side, Nikkei 225 down by 12.31 points or 0.04% to 29,493.62, Straits Times dipped by 5.06 points or 0.17% to 2,930.21,and Jakarta Composite lower by 5.84 points or 0.09% to 6,175.83.
