Most of the Asian equity indices are trading higher with marginal gains on Thursday, awaiting the outcome of the Federal Reserve’s meeting next week and on expectation that the US Federal Reserve’s impending stimulus reduction might be smaller than some had believed. Benchmarks like Shanghai Composite, Hang Seng, KLSE Composite and Taiwan Weighted all are trading with marginal gains. However, Japanese market remained the lone loser among regional indices as the nation’s core machinery orders stayed flat in July from the previous month, following a 2.7% decrease in June, suggesting businesses are still cautious about increasing investment despite a weaker yen and economic stimulus programs in place to support Japan's economic recovery.
Shanghai Composite was up 2.11 points or 0.09% to 2,243.37, Hang Seng jumped 55.90 points or 0.24% to 22,993.04, Jakarta Composite strengthened 16.34 points or 0.38% to 4,365.76, KLSE Composite increased 3.69 points or 0.21% to 1,772.17, Straits Times surged 16.79 points or 0.54% to 3,124.98, Seoul Composite added 4.80 points or 0.24% to 2,008.65 and Taiwan Weighted was up by 12.45 points or 0.15% to 8,221.44.
On the flip side, Nikkei 225 was down by 12.23 points or 0.08% to 14,412.84.
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