Asian markets traded mostly higher in early deals of Wednesday supported by strong rally in technological and semiconductor sector stocks amid renewed AI optimism. Further, strong corporate earnings on Wall Street boosted investors sentiments. Among the Asian indices, South Korea’s KOSPI soared the most in the session as market participant opted to buy shares at lower levels following its previous session’s six-month low close.
Nikkei up by 699.58 points or 1.09% to 64,775.00, Straits Times rose by 50.47 points or 0.93% to 5,454.49, Taiwan Weighted jumped by 371.22 points or 0.80% to 46,664.15, KOSPI Index lifted by 151.53 points or 2.73% to 5,704.27, and FTSE Bursa Malaysia KLCI index added by 1.24 points or 0.08% to 1,600.82.
On the flipside, Hang Seng down by 88.74 points or 0.37% to 23,779.00, Jakarta Composite dipped by 44.53 points or 0.84% to 5,234.36, and Shanghai Composite declined by 13.33 points or 0.36% to 3,722.04.
