Most of the Asian equity indices are trading in the red in early deals on Wednesday amid concern of possible US military action against Syria. Investors also remained on sidelines ahead of next week’s meeting of the US Federal Reserve. The central bank is widely expected to announce plans to start phasing out its support program for the US economy. However, Chinese benchmarks were trading in the green terrain as investors remained optimistic that the country is recovering from its deepest economic slump since the 2008 global crisis after data on Tuesday that showed Chinese auto sales, factory output and investment all improved in August. Meanwhile, Japanese Nikkei too remained higher in early deals as the Bank of Japan is expected to continue its massive stimulus programme amid signs it is starting to lift the world's third biggest economy out of stagnation.
Hang Seng declined by 28.90 points or 0.13% to 22,947.75, Jakarta Composite slipped 24.19 points or 0.55% to 4,333.96, Straits Times dipped 9.61 points or 0.31% to 3,114.28, Seoul Composite decreased 2.07 points or 0.10% to 1,991.99 and Taiwan Weighted was down by 55.62 points or 0.68% to 8,153.15.
On the flip side, Shanghai Composite rose 14.06 points or 0.63% to 2,252.04, KLSE Composite strengthened 3.44 points or 0.19% to 1,768.39 and Nikkei 225 was up by 121.28 points or 0.84% to 14,544.64.
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