Asian markets trade mostly higher in early deals on Wednesday
Nikkei 225 up by 92.45 points or 0.23% to 39,781.26
Asian markets traded mostly higher in early deals on Wednesday, due to increased risk appetite in the market following the delayed US tariff hikes on 14 trading partners. The postponement was viewed as a sign of possible flexibility for negotiations, easing immediate pressure on exports and boosting investor confidence amidst hopes for diplomacy as well as global trade stabilization. Japan’s Nikkei advanced in the session counting on rise in export profits with the weaker local currency yen.
Nikkei 225 up by 92.45 points or 0.23% to 39,781.26, Straits Times rose by 6.22 points 0.15% to 4,054.08, Jakarta Composite added by 23.35 points or 0.34% to 6,927.74, KOSPI Index boosted by 18.09 points or 0.58% to 3,133.04, Taiwan Weighted climbed by 69.40 points 0.31% to 22,431.67 and Shanghai Composite widened by 10.21 points or 0.29% to 3,507.69
On the flip side, Hang Seng down by 177.68 points 0.74% to 23,970.39 and FTSE Bursa Malaysia KLCI lower 2.74 points or 0.18% to 1,527.40.
