Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, as traders are indulging in bargain hunting after the recent heavy sell-off on recession fears. Some traders are reluctant to get back into the markets amid lingering concerns of aggressive interest rate hikes continuing in to the next year. Asian Markets closed mostly lower on Tuesday.
The Australian stock market is trading sharply higher on Wednesday, snapping a four-session losing streak, with the benchmark S&P/ASX 200 moving above the 7,100 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors, led by gold miners and technology stocks. Traders are also picking up stocks at a bargain following the recent losing streak.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
