Most of the Asian markets traded higher in early deals on Thursday, whetted by the technical buying after prior day’s sharp correction and as dollar dipped followed by bond-buying operations by the Bank of England. The BoE’s move aimed at stabilizing its financial markets buoyed risk sentiments in the market. Japan’s Nikkei bounced back from its three-month low in tandem with the positive rally in Wall Street overnight. Hang Seng advanced the most among Asian indices. Meanwhile, the PBoC announced a relending facility worth over CNY 200 billion to aid manufacturers upgrade their equipment, lifting market sentiments.
Nikkei 225 up by 157.50 points or 0.60% to 26,331.48, Hang Seng surged by 196.92 points or 1.14% to 17,447.80, Straights times soared 31.70 points or 1.02% to 3,148.01, KOSPI was bullish by 28.74 points or 1.32% to 2,198.03, Taiwan rose by 56.68 points or 0.42% to 13,522.75, Shanghai lifted by 8.26 points or 0.27% to 3,053.33, and FTSE Bursa Malaysia KLCI climbed by 2.72 points or 0.19% to 1,404.61.
Bucking the trend, Jakarta Composite declined by 22.33 points or 0.32% to 7,054.70.
