Asian Markets trade mostly in green in early deals on Wednesday

23 Mar 2022 Evaluate
Most of the Asian equity benchmarks advanced in early deals on Wednesday, cheered up with the rally in Wall Street overnight. The Federal Reserve’s aggressive outlook on interest rate lifted profit outlook for banks, and boosted optimism about global economic recovery. Moreover, decreasing number of active covid-19 cases also bolstered investor sentiments. Even though, intensified Russia- Ukraine war and the strict sanctions imposed on Russia by the Western countries limited some gains. Japanese shares extended winning streak to the seventh straight session as the country is back to operation in full swing after the government took off COVID quasi-emergency measures in 18 prefectures. The country is free from all emergency measures for the first time since January 8. 

Nikkei 225 up by 745.88 points or 2.74% to 27,969.99, Straight times rose by 18.87 points or 0.56% to 3,369.04, Hang Seng enlarged by 378.48 points or 1.73% to 22,267.76, Taiwan Weighted widened by 99.58 points or 0.57% to 17,659.29, KOSPI lifted by 16.31 points or 0.60% to 2,726.31, and FTSE Bursa Malaysia KLCI higher by 13.02 points or 0.82% to 1,598.83.

Bucking the trend, Jakarta Composite down by 12.31 points or 0.18% to 6,988.51, Shanghai Composite shrunk by 4.54 points or 0.14% to 3,255.32.

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