INVESTING.COM – Asian markets generally turned firmer Wednesday, with China turning around after a few days of losses and other markets resuming their upwards trends.
Hong Kong's Hang Seng Index was up 0.41% at mid-morning to 26,638. Hong Kong shares have rallied as investors from mainland China look to the territory for investment options. The Hong Kong market has not been this high since 2015, when it briefly broke above the 28,000 point market after a six-year rout.
Singapore's FTSE Straits Times Index was up 0.19% to 3,312.44. In Japan, the Nikkei rose a mild 0.07% to 20,013.50 in morning trade.
Thailand's SET Index was up 0.13% to 1,573.57. The PSEi Index in the Philippines was up 0.45% even as the Philippine peso hovered around 11-year lows and the country's central bank predicted the first current account deficit for the year since 2003.
China's markets turned from several days of losses. By mid-morning Wednesday, the Shanghai Compasit Index as up 0.77% to 3,211.74. The Shenzhen Composite Index was up 0.52% to 1820.807.
Korea's Kospi 50 was down 0.30% to 2,125.28. The Jakarta Stock Exchange Composite Index was down 0.19% to 5,817.56.