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Most of the Asian markets trade with traction on Wednesday

09 Jan 2013 Evaluate

Most of the Asian equity indices are trading in green, bouncing back from their previous fall, despite a decline on Wall Street at the start of the US corporate earnings season. Most of the regional peers were trading with some traction on hopes of policy easing by Bank of Japan to boost growth in world’s third-biggest economy. Meanwhile, South Korean shares were virtually flat. Shares of tech heavyweight Samsung Electronics were also flat despite announcing, on January 8, 2013, a better-than-expected estimated fourth-quarter operating profit.

Shanghai Composite rose 1.64 points or 0.07% to 2,277.71, Hang Seng increased 85.54 points or 0.37% to 23,196.73, KLSE Composite jumped 2.22 points or 0.13% to 1,691.13, Nikkei 225 surged 47.75 points or 0.45% to 10,555.81, Straits Times soared 8.80 points or 0.27% to 3,214.32 and Taiwan Weighted was up by 7.35 points or 0.10% to 7,729.01.

On the flip side, Jakarta Composite slipped 1.78 points or 0.04% to 4,395.77 and KOSPI Composite was down by 3.76 points or 0.19% to 1,994.18. 

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