Most of the Asian equity benchmarks are trading in the green, tracking firm cues from Wall Street overnight following a positive reaction to the Federal Reserve’s statement on the economy and the decision to scale back its stimulus program. Meanwhile, Japanese Nikkei eged higher by around one and a half percent bolstered by a surge in the dollar/yen to over five-year highs in the wake of the Fed decision, underscoring the benefits of a weak currency for Japan's export-reliant economy.
Hang Seng rose 9.45 points or 0.04% to 23,153.27, Jakarta Composite strengthened 43.71 points or 1.04% to 4,240.00, KLSE Composite increased 2.04 points or 0.11% to 1,849.54, Nikkei 225 surged 221.48 points or 1.42% to 15,809.28, Straits Times jumped 5.86 points or 0.19% to 3,067.64 and Taiwan Weighted was up by 37.08 points or 0.44% to 8,386.12.
On the flip side, Shanghai Composite slipped 1.90 points or 0.09% to 2,146.39 and Seoul Composite was down by 1.59 points or 0.08% to 1,973.04.
