By The market sentiment in Asian markets continues to remain upbeat as most of the benchmark indices traded in green on Wednesday.
The sensitive ceasefire seems to be holding up between Israel and Iran after some strong warnings from US President Donald Trump.
The development came as relief for investors who faced more than 10 days of uncertainty amid heightened tensions in the Middle East.
Benchmark indices in the Asia-Pacific region ended the day on a higher note with Japan’s Nikkei 225 index taking the lead.
Japan’s benchmark index reclaimed the 4-month high level after chip-related stocks stalked overnight Wall Street gains.
At the closing bell, Nikkei 225 closed 0.39% higher at 38,942.07.
Shigetoshi Kamada, a researcher with Tachibana Securities said that the index is expected to continue its upward journey.
“The Nikkei swayed between gains and losses today as investors tried to book profits from gains in the previous session,” he said.
“But the index is showing an upside trend now, so as long as we do not see any negative news, investors want to buy stocks to cover their short positions,” the statement added.
Kospi 100 maintains 3,000 above level
South Korea’s Kospi 100 index wrapped up the session at 3,108.25, posting a modest gain of 4.61 points, or 0.15%, compared to the previous day’s close.
It kicked off on a stronger note, opening at 3,127.79, up 24.15 points (0.78%), but faced choppy trading as early momentum faded.
The slowdown was largely due to profit-booking by foreign and institutional investors.
The improved situation in the Middle East also pushed Hong Kong’s Hang Seng index higher on Wednesday as it stood at around 24,475 at the time of closing, marking a healthy gain of about 1.2% from its previous level.
This marks a strong stretch for the index, which is up roughly 3–4% over the past week and about 22–23% year‑to‑date.
The rally has been broad‑based, with most sectors and heavyweight names pushing the market higher, benefitting from improved investor confidence and positive sentiment in the region.
China’s CSI 300 closed at 3,960.07, jumping 56.03 points (+1.44%), a strong follow‑through from Tuesday’s +1.20% gain when it hit 3,904.03.
Australia’s S&P/ASX 200 ended slightly higher on the day, inching up 3.70 points, or 0.04%, to close at 8,559.20.
The index moved within a narrow range between 8,533.50 and 8,557.50, reflecting a relatively quiet trading session.
Asian markets: Sensex jumps 700 points
The Dalal Street witnessed increased activity on Wednesday amid positive geopolitical momentum and a push from the IT and auto stocks.
India’s Sensex and Nifty 50 saw some considerable gains with Sensex closing 0.85% up at 82,755.51.
The investors seemed optimistic about the market sentiment as Nifty 50 witnessed a breakout from its 25,200 resistance level and closed 0.80% up at 25,244.75.
The post Asian markets end higher as Mideast ceasefire holds; Sensex swings 1000 points appeared first on Invezz
