Asian markets trade in green in early deals on Wednesday
KOSPI Index soars by 390.04 points or 7.10% to 5,884.82
Asian markets traded in green in early deals on Wednesday, whetted by the risk appetite in the market followed by a two-week ceasefire between the United States and Iran. Investor sentiments boosted after plunge in global oil rates, easing inflation concerns, and on reignited hopes over monetary policy easing by central banks. South Korea’s KOSPI surged the most among Asian indices, rallying for a fourth consecutive session with the rise in foreign investments and as the country marked record current account surplus in February, driven by robust semiconductor exports.
Nikkei surged by 2,842.44 points or 5.32% to 56,272.00, Straits Times up by 34.42 points or 0.69% to 4,992.43, Hang Seng jumped by 767.47 points 2.97% to 25,884.00, Taiwan weighted lifted by 1,429.12 points or 4.30% to 34,658.94, KOSPI Index whetted by 390.04 points or 7.10% to 5,884.82, Shanghai Composite rose by 74.56 points or 1.92% to 3,964.72, Jakarta Composite soared by 212.74 points or 3.05% to 7,183.77, and FTSE Bursa Malaysia KLCI index rose by 15.51 points or 0.92% to 1,692.37.
