Asian markets trade in green in early deals on Wednesday
Nikkei surged by 2,357.28 points or 4.62% to 53,421.00
Asian markets traded in green in early deals on Wednesday, on account of optimism that the US-Iran war might be nearing a conclusion following reports of a peace proposal and statements from US President Donald Trump. Notable rally in technological and financial sector stocks kindled the emerging markets. Japan’s Nikkei soared after snapping a four-session losing streak with the positive global cues and on jump in profits by the export-oriented business with the weaker local currency yen.
Nikkei surged by 2,357.28 points or 4.62% to 53,421.00, Straits Times rose by 89.48 points or 1.83% to 4,974.93, Hang Seng soared by 520.86 points 2.06% to 25,309.00, Taiwan weighted increased by 1,332.89 points or 4.20% to 33,055.88, KOSPI Index bullish by 402.32 points or 7.96% to 5,454.78, Jakarta Composite added 98.60 points 1.38% to 7,146.82, Shanghai Composite gained by 52.94 points or 1.36% to 3,944.80, and FTSE Bursa Malaysia KLCI index was up by 15.58 points or 0.92% to 1,705.94.
