Asian markets traded mostly higher in early deals on Wednesday, with the rally in technological sector stocks, and on easing concerns over inflation followed by dipping crude oil rates. Peace talks in the Middle East and prospects for secure energy routes have boosted investor confidence. South Korea’s KOSPI marks a fresh record high with the optimism over South Korea’s semiconductor-driven economic outlook. Meanwhile, stock markets of Singapore, Indonesia and Malaysia are closed for a holiday.
Nikkei up by 474.91 points or 0.75% to 65,452.00, Taiwan weighted rose by 679.32 points or 1.56% to 44,204.69, and KOSPI Index soared by 323.42 points or 4.02% to 8,370.93.
On the flip side, Hang Seng down by 227.45 points 0.90% to 25,372.00, and Shanghai Composite dipped by 46.14 points or 1.11% to 4,099.23.
