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Asian markets trade mostly higher in early deals on Wednesday
Oct-29-2025
Asian markets traded mostly higher in early deals on Wednesday, due to risk appetite in the market ahead to the Federal Reserve interest rate decision due later in the day and on optimistic over potential trade deal between the US and China. Continued strong performance of US technological companies and optimism that AI will fuel significant profits for major tech companies kindled technological sector stocks in the local indices. AI bellwether Nvidia hit new all-time highs after CEO Jensen Huang unveiled a slate of partnerships and brushed off concerns about an AI bubble. Japan’s Nikkei advanced in the session amidst optimism over deeper US-Japan ties after meeting of US President Donald Trump met with new Prime Minister Sanae Takaichi. Softer local currency yen also buoyed the export-oriented profits of the country. Stock market of Hong Kong is closed for Chung Yeung Day.

Nikkei 225 up by 1,127.82 points or 2.25% to 51,347.00, Taiwan Weighted rose by 385.93 points or 1.38% to 28,335.04, KOSPI Index lifted 37.76 points or 0.94% to 4,048.17, Shanghai Composite enlarged by 16.58 points or 0.42% to 4,004.80 

On the flip side, Straits Times down 10.88 points 0.24% to 4,439.48, Jakarta Composite dipped by 6.05 points or 0.07% to 8,086.58, and FTSE Bursa Malaysia KLCI lower by 4.82 points or 0.30% to 1,608.74.
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