Asian equity benchmarks are exhibiting mixed trend in early deals on Wednesday as investors awaiting news about a deal from U.S. lawmakers to end the federal government shutdown and raise the U.S. debt ceiling to avert a default. Some cautiousness also crept in after Fitch Ratings warned overnight that it could cut the United States’ prized AAA credit rating. Back on regional turf, Shanghai Composite declined over a percentage point after the People's Bank of China said on October 14, 2013 that the nation’s money-supply expansion slowed to 14.2% last month and the broadest measure of credit fell to 1.4 trillion yuan ($229.4 billion).
Shanghai Composite declined 30.07 points or 1.35% to 2,203.34, Hang Seng shed 89.99 points or 0.39% to 23,246.53, Jakarta Composite dropped 16.17 points or 0.36% to 4,503.74 and Taiwan Weighted was down by 10.38 points or 0.12% to 8,357.50.
On the flip side, KLSE Composite surged 8.59 points or 0.48% to 1,793.35, Nikkei 225 rose 22.89 points or 0.16% to 14,464.43, Straits Times increased 12.42 points or 0.39% to 3,177.67 and Seoul Composite was up by 1.03 points or 0.05% to 2,041.99.
