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Asian Markets trade mostly higher in early deals on Wednesday

07 Apr 2021 Evaluate
Most of Asian equity benchmarks traded higher in early deals on Wednesday, as the market sentiments bolstered after IMF’s report forecasted strongest global expansion in four decades for this year. Japan’s Nikkei is advancing with some bargain buying after previous session losses and on continued optimism about economic recovery. However, weaker cues from Wall Street overnight with the worries over impact of a surge in coronavirus cases and extension of lockdown restrictions in several markets limited some gains in the Asian stocks. Traders also eyed ahead to the release of the minutes of the Federal Reserve's latest monetary policy meeting on Wednesday.

Among the Asian markets, Japan,  South Korea,  Indonesia, Taiwan  and  Malaysia are in higher note. Bucking the trend, Singapore, Hong Kong, and China are decreasing.

Nikkei 225 up by 31.29 points or 0.11 to 29,727.92, , KOSPI Index rose by 6.33 points or 0.20% to 3,133.41, Jakarta Composite widened by 0.55 points or 0.01% to 6,003.32, Taiwan Weighted lifted 28.85 points or 0.17% to 16,768.72, and FTSE Bursa Malaysia KLCI higher by 2.83 points 0.18% to 1,581.74.

On the flip side, Straits Times decreased 1.84 points or 0.06% to 3,205.79, Hang Seng narrowed by 187.36 points or 0.65% to 28,751.38, and Shanghai Composite slipped by 18.43 points or 0.53% to 3,464.54.

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