Asian markets are exhibiting mixed trend in early deals on Wednesday as investors remained cautious and indulged in some selling following a flat lead from Wall Street overnight. Lack of positive triggers and profit-booking after recent gains too were dampening the sentiments and contributed to the weakness in some of the markets in the region. Meanwhile, a dip in the dollar against the yen prompted profit-taking on Japanese stocks. Adding to the cautious mood was an escalation of political tensions in parts of Asia as the White House called China's demands that airlines inform Beijing when flying over disputed islands in the East China Sea unnecessarily inflammatory.
Shanghai Composite surged 15.10 points or 0.69% to 2,198.17, Hang Seng soared 128.47 points or 0.54% to 23,809.75, Jakarta Composite added 11.33 points or 0.27% to 4,246.59 and Taiwan Weighted was up by 57.17 points or 0.69% to 8,305.19.
On the flip side, KLSE Composite slipped 0.55 points or 0.03% to 1,797.58, Nikkei 225 declined 54.25 points or 0.35% to 15,460.99, Straits Times contracted 3.96 points or 0.12% to 3,169.55 and Seoul Composite was down by 4.23 points or 0.21% to 2,018.41.
