Asian markets pared gains of the previous two day's trading session and closed on a mixed note on Wednesday with Chinese mainland markets struggling the most. Hong Kong’s Hang Seng also closed in the red.
However, Japanese and Koren markets closed on a bullish note. Nikkei 225 closed 444.01 points higher or 1.78%. Kospi closed 33.04 points or 1.35% higher. Taiwan Weighted also finished 1% higher while SGX Nifty also traded in the green.
The market had been bullish amid Covid-19 vaccine development which shrugged off investors sentiment from surging infections in the US and Europe.
The outcome of US Presidential elections during the weekend in which Joe Biden defeated Donald Trump to become new US President-elect had further strengthened the investor sentiments in the previous two days of this week.
Shanghai Composite and Set Composite traded ~0.5% lower while as Hang Seng of Hong Kong closed 0.28% lower.
Meanwhile, Oil traded higher and at around 2.02 pm, benchmark oil Brent Crude was selling 2.80% higher at USD 44.83 per barrel.
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