All the Asian equity markets are trading in the positive terrain in Wednesday’s morning session tailing firm close on Wall Street. Some signs of progress in the Italian political arena and perceptions that economic weakness in Europe may promote a further easing of monetary policy by the European Central Bank, too underpinned the sentiments. Meanwhile, Japanese Nikkei share average climbed to its highest level in nearly five years in early deals on robust US company earnings and as the yen resumed its downward slide towards 100 to the dollar.
Shanghai Composite rose 14.87 points or 0.68% to 2,199.41, Hang Seng surged 282.34 points or 1.29% to 22,088.95, Jakarta Composite strengthened 20.71 points or 0.42% to 4,996.04, KLSE Composite increased 3.11 points or 0.18% to 1,703.50, Nikkei 225 soared 233.99 points or 1.73% to 13,763.64, Straits Times added 6.28 points or 0.19% to 3,290.63, KOSPI Composite jumped 19.01 points or 0.99% to 1,937.64 and Taiwan Weighted was up by 75.55 points or 0.95% to 8,018.32.
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