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The equity markets across the Asia-Pacific (APAC) region have pared the morning losses as both China and Japan markets are trading in green.
Despite trading in the negative territory in the morning trade, shares in Mainland China closed lower. The Shanghai Composite was trading 44 basis points higher at 3,588.79, while the Shenzhen Component was trading 93 basis points up at 15,139.17.
In Hong Kong, the Hang Seng index continued to be in the negative territory. The index was hovering near the flatline on Wednesday, down 6 basis points to finish the trading day at 28,947.87.
In Japan, as well, the Nikkei225 reversed the morning losses and was trading 13 basis points higher – at 28,851.5 – almost half an hour before the market close. On the other hand, the Topix was trading 9 basis points lower at 1,947.58.
In Australia, the ASX200 was trading 35 basis points higher minutes before the close.
The Morgan Stanley Capital International’s Asia Pacific Index was also trading 12 basis points higher.
In the Wall Street, the indices continued their record run overnight. The broader indices -- S&P 500 and the Nasdaq Composite – both registered record closing highs on Tuesday, propelled by Apple Inc and other technology stocks after an upbeat consumer confidence report.
