Asian markets trade mostly higher in early deals on Wednesday, as the technology and semiconductor sector stocks rebounded after previous sessional loss. Market sentiments got buoyed after reassuring comments from New York Fed President John Williams, which signaled a potential pause in aggressive US interest rate hikes. However, some gains remained capped on surging crude oil prices and investor were cautious ahead of key US inflation data. Japan’s Nikkei advanced as export oriented business gained with the rise in foreign inflows after a marginal ease in the recent sharp yen rally.
Nikkei 225 surged by 477.48 points or 0.70% to 68,255.00, Hang Seng rose by 77.78 points or 0.32% to 24,423.00, KOSPI Index higher by 46.75 points or 0.77% to 6,082.10, Taiwan Weighted gained by 643.27 points or 1.33% to 48,984.58, Jakarta Composite added by 48.31 points or 0.81% to 5,974.29, and FTSE Bursa Malaysia KLCI index was up by 6.04 points or 0.37% to 1,629.39.
On the flipside, Straits Times down by 9.49 points or 0.18% to 5,421.01, and Shanghai Composite dipped by 12.66 points or 0.33% to 3,788.20.
