Asian markets traded mostly in green in early deals on Wednesday, as the investor sentiments got boosted with the better-than-expected US CPI data and on optimism over halt in Federal Reserve interest rate hike ahead to today’s monetary policy meeting. Additionally, surprising slash of seven-day reverse repurchase rate by 10 bps to 1.9% by the People’s Bank of China to boost liquidity in the financial system, also lifted investments in Asian indices. Japan’s Nikkei advanced for the fourth session in a row mirroring positive Wall Street overnight. Moreover, reports on improvement in service sector in Japan also buoyed positive momentum.
Nikkei 225 up 461.51 points or 1.40% to 33,480.16, Straight times down by 22.44 points or 0.70% to 3,211.84, Taiwan higher by 19.18 points or 0.11% to 17,235.78, Shanghai narrowed by 7.91 points or 0.24% to 3,241.58, and FTSE Bursa Malaysia KLCI added by 3.54 points or 0.26% to 1,384.15.
On the flip side, Hang Seng down by 9.56 points or 0.05% to 19,511.86, and KOSPI narrowed by 14.82 points or 0.56% to 2,623.13, and Jakarta Composite dipped 32.98 points or 0.45% to 6,686.03.
