Epic Research Update : Asian Markets

China’s Shanghai Composite index seesawed between gains and losses early Wednesday, mirroring the dramatic US trading session overnight as investors digest news of fresh interest rate cuts aimed at propping up the world’s second largest economy.

Among China’s other indexes, the blue-chip CSI300 index elevated 1 percent, but the smaller Shenzhen Composite slipped 0.4 percent. Meanwhile, Hong Kong’s Hang Seng index opened flat at 21,409.4.

The benchmark Shanghai index swung between both ends of the flatline at the open and was last seen advancing 1 percent higher at 2,992.4, a whisker below the critical 3,000 mark.

Japan’s Nikkei 225 index regained its composure to edge up in early trade, after briefly falling into negative turf following a higher open of 0.49 percent.

South Korea’s Kospi index percent quickly changed course after a negative open, underpinned by hefty buy orders for specific stocks such as Hyundai Motor .

Taiwan’s weighted index opened down 1.6 percent, a day after the Taiex index rallied on the back of expectations that the government would soon step in to shore up market confidence propelled the bourse on Tuesday.

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Posted in: Indian Market Tips