Skip to main content

MoneyWorks4Me

Asian markets trade mostly higher in Wednesday morning session

13 Feb 2013 Evaluate

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.