Asian Markets Update by Epic Research

Asian shares crept cautiously higher on Wednesday after Wall Street rebounded on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session.

China’s Shanghai Composite was up 3.28 points or 0.14 percent at 2,299.83 and Hong Kong’s Hang Seng rose 316.20 points or 1.31 percent to 24,452.21 at 8:00 am.

Japan’s Nikkei 225 Average climbed 22.07 points or 0.14 percent to 15,933.60 and Singapore’s Straits Times advanced 16.83 points or 0.51 percent to 3,289.45.

South Korea’s Seoul Composite rose 12.96 points or 0.63 percent to 2,055.88 and Taiwan Weighted was up 96.06 points or 1.05 percent to 9,229.46.

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