All the Asian equity indices, barring Shanghai Composite are trading in the positive terrain on Wednesday morning session. Japanese Nikkei remained one of the top gainers garnering over half a percent as the yen slipped to a 20-month low on expectations of an aggressive monetary easing stance by the new government, lifting exporters on hopes of better-than-expected earnings. In Japan, new Prime Minister Shinzo Abe, whose Liberal Democratic Party won a landslide victory in the December 16 election, is scheduled to appoint a cabinet today after the lower house names him premier. The new government has promised economic policies to boost growth.
Jakarta Composite rose 9.03 points or 0.21% to 4,259.24, KLSE Composite added 0.64 points or 0.04% to 1,670.04, Nikkei 225 strengthened 62.33 points or 0.62% to 10,142.45, Straits Times surged 10.31 points or 0.33% to 3,178.88, KOSPI Composite soared 13.76 points or 0.69% to 1,995.58 and Taiwan Weighted was up by 6.28 points or 0.08% to 7,642.85.
On the flip side, Shanghai Composite was down 5.50 points or 0.25% to 2,208.11.
Hang Seng remained closed for trade today on the account of Christmas Holiday.
