Asian markets are trading mostly higher in Wednesday morning trade with earnings providing a tailwind for Australian firms and pulling the local share benchmark close to three-year highs. However, Tokyo sank on profit-taking and as the yen picked up strength against the euro and dollar. Japan’s recent policy of monetary easing -- which it said is aimed at boosting the economy -- fuelled concerns around the world that countries will embark on a round of currency weakening to boost their exports.
Jakarta Composite rose 20.57 points or 0.45% to 4,568.82, KLSE Composite surged 8.68 points or 0.53% to 1,632.48, Straits Times strengthened 28.88 points or 0.88% to 3,299.18 and KOSPI Composite soared by 25.59 points or 1.32% to 1,971.38.
On the flip side, Nikkei 225 was down 95.78 points or 0.84% to 11,273.34.
China, Hong Kong and Taiwan are closed for trade today.
