Asia markets open mixed; ASX down 0.4%, Nikkei up 0.7%

Asian markets opened mixed on Wednesday, as the sentiment hit from a lower finish in the US stock market offset the positive impact of a rise in oil prices.

Japanese shares traded higher, with the Nikkei 225 index up 0.65 percent and the Topix advancing 0.57 percent. Across the Korean Strait, the Kospi fell 0.29 percent.

Markets in mainland China and Hong Kong, which were set to open at 9:30 a.m. HK/SIN, may receive a boost after China’s State Council said the government had approved plans for the launch of the Shenzhen-Hong Kong Stock Connect.

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Posted in: Indian Market Tips