Most of the Asian equity benchmarks are trading in the green in early deals on Monday after weaker than forecasted U.S. consumer confidence raised hopes that the Federal Reserve will maintain stimulus. The Fed’s policy-setting arm, meeting on Oct 29-30, is expected to hold off any move to scale down its $85 billion monthly bond-buying programme. Back on regional turf, Japanese markets remained the top gainers amongst other regional peers, garnering over one and a half percent gains tracking the gains on Wall Street last Friday and a weaker yen.
Hang Seng rose 103.64 points or 0.46% to 22,801.98, Jakarta Composite strengthened 19.08 points or 0.42% to 4,599.93, KLSE Composite increased 0.66 points or 0.04% to 1,818.23, Nikkei 225 surged 250.68 points or 1.78% to 14,338.87, Straits Times gained 6.80 points or 0.21% to 3,212.04, Seoul Composite added 7.28 points or 0.36% to 2,041.67 and Taiwan Weighted was up by 59.70 points or 0.72% to 8,406.32.
On the flip side, Shanghai Composite was down by 4.66 points or 0.22% to 2,128.29.
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