Asian markets are trading mostly in the red terrain in early deals on Wednesday with investors treading cautiously, following a mixed close on Wall Street overnight on the back of some disappointing economic data. The Japanese stock market is trading weak with investors indulging in some profit taking after the previous session's sharp upmove following the central bank's decision to extend special loan facilities by a year and to double the size of funds available to banks. While, Chinese Shanghai Composite is trading in green due to easing liquidity conditions and policy expectations for the annual legislative meeting rather than fundamentals.
Hang Seng dropped 16.85 points or 0.07% to 22,570.87, KLSE Composite slipped by 1.83 points or 0.10% to 1,823.41, Nikkei 225 crumbled 96.43 points or 0.65% to 14,746.81, Seoul Composite decreased 9.18 points or 0.47% to 1,937.73 and Taiwan Weighted was down by 2.10 points or 0.02% to 8,554.13.
On the flip side, Shanghai Composite was up by 12.13 points or 0.57% to 2,131.20, Jakarta Composite rose 12.78 points or 0.28% to 4,568.98 and Straits Times was up by 15.83 points or 0.52% to 3,086.61.