Asian markets trade in green in early deals on Wednesday
Nikkei soar by 1,497.72 points or 2.87% to 53,750.00
Asian markets traded in green in early deals on Wednesday, kindled by the optimism over a resolution to the Middle East conflict after President Donald Trump reiterated that his administration is in talks with Iran. Crude oil rates retreated on one month cease fire bets, providing critical relief for energy-importing Asian economies by easing inflation woes and the need for further monetary tightening. Japan’s Nikkei soared in the session with the rebound in technological AI-related stocks and on gains in export sector with the weaker local currency yen.
Nikkei soared by 1,497.72 points or 2.87% to 53,750.00, Straits Times rose by 20.43 points or 0.42% to 4,882.86, Hang Seng added 14.29 points 0.06% to 25,078.00, Taiwan weighted increased by 978.51 points or 3% to 33,590.75, KOSPI Index gained 115.49 points or 2.08% to 5,669.41, Jakarta Composite surged by 78.49 points 1.10% to 7,185.33, Shanghai Composite higher by 34.21 points or 0.88% to 3,915.49, and FTSE Bursa Malaysia KLCI index was up by 4.30 points or 0.25% to 1,713.06.
