Asian markets trade mostly higher in early deals on Wednesday
Taiwan Weighted jumped by 221.56 points or 0.80% to 28,006.1
Asian markets traded mostly higher in early deals on Wednesday, buoyed by the risk appetite in the market as the longest US government shutdown is ought to end followed by Senate’s approval of a Bill on Monday. Rally in property and financials sector stocks led gain in local indices. Investor sentiments boosted after reports that China might expand private sector participation in infrastructure and energy projects to boost weak private investment. Meanwhile, China’s car sales jumped by 8.8% year-on-year in October, the highest in ten months. Japan’s Nikkei edged up with the softer local currency yen. Japan’s manufacturing confidence surged to a near four-year high in November.
Nikkei 225 up by 44.07 points or 0.09% to 50,887.00, Straits Times rose by 17.65 points or 0.39% to 4,559.85, Hang Seng added by 188.59 points 0.70% to 26,885.00, Jakarta Composite hiked by 38.76 points or 0.46% to 8,405.28, Taiwan Weighted jumped by 221.56 points or 0.80% to 28,006.1, and KOSPI Index gained 28.87 points or 0.70% to 4,135.26.
On the flip side, Shanghai Composite down by 9.41 points or 0.24% to 3,993.35 and FTSE Bursa Malaysia lower by 4.19 points or 0.26% to 1,630.64.
