Summary
- Hang Seng, ASX outperform APAC.
- Taiwan indices are the worst-hit.
- China, Japan markets remain closed on Wednesday.
Australian benchmark index ASX200 and Hong Kong’s Hang Seng Index were the largest gainers in the Asia-Pacific region on Wednesday in an otherwise muted market, while China and Japan markets continued to remain closed.
The Hang Sang Index of Chinese autonomous region was up by 94 basis points at the time of filing this copy.
Driven by the rally in the blue-chip stocks, the ASX 200 jumped by 72 basis points in the early morning trade to touch 7,100-mark for the first time in 14 months.
In neighbouring New Zealand, Dow Jones New Zealand was down 35 bps.
Korean KOSPI index was up 64 bps, while Jakarta index was up 19 bps.
On the other hand, Taiwan weighted index was the worst performer – down 168 bps.
This was in spite of Wall Street witnessing overnight selling of Big Tech shares and Nasdaq Composite registering its worst day since March.
While Japan markets are closed on the back of Children’s Day, China is shut on account of continued labour day celebrations.