Asian markets traded mostly higher in early deals on Wednesday, kindled by the rally in major technology and semiconductor sector stocks. Booming AI investments from local venture capitalists accelerated regional tech growth, followed by a record-breaking streak on the Nasdaq Composite. Easing regional inflation concerns with the falling crude oil rates and cooling geopolitical tensions followed by a progress in US-China diplomatic talks buoyed investor sentiments. Japan’s Nikkei is closed for Autumn Equinox holiday.
Straits Times up by 1.14 points or 0.02% to 5,724.90, Taiwan weighted added by 333.87 points or 0.70% to 48,134.04, Jakarta Composite down by 30.57 points or 0.49% to 6,307.61, and KOSPI Index lifted by 32.90 points or 0.47% to 7,050.81.
On the flip side, Hang Seng down by 201.75 points or 0.81% to 24,886.00, Shanghai Composite dipped by 14.05 points or 0.36% to 3,938.08, and FTSE Bursa Malaysia KLCI index declined by 0.26 points or 0.02% to 1,683.24.
