Asian markets traded mostly higher in early deals on Wednesday, kindled by the risk appetite in the market with the retreat in crude oil rates. Optimism surrounding artificial intelligence and computer chip logistics buoyed the investor sentiments. Japan’s Nikkei soared with rally in major chip manufacturers of the country like Renesas Electronics and Rohm Co. Meanwhile, Chinese mainland equities were buoyed by recent state cabinet pledges to step up counter-cyclical policy support to address domestic economic strains.
Nikkei surged by 1,326.73 points or 2.03% to 66,808.00, Taiwan Weighted soared by 611.73 points or 1.28% to 48,243.69, Jakarta Composite up by 10.21 points or 0.17% to 6,131.91, Shanghai Composite rose by 9.67 points or 0.25% to 3,840.12 and FTSE Bursa Malaysia KLCI index added 10.18 points or 0.62% to 1,654.14.
On the flipside, Straits Times down by 5.59 points or 0.10% to 5,709.25, Hang Seng dipped by 60.57 points or 0.25% to 24,463.00, and KOSPI Index narrowed by 28.09 points or 0.41% to 6,842.72.
