Stocks in Asia Pacific rose in morning trade as investors await the U.S. Federal Reserve’s decision on interest rates, expected later on Wednesday stateside.
South Korea’s Kospi gained 0.12% in early trade. Over in Australia, the S&P/ASX 200 rose 0.4% as shares of major banks such as Commonwealth Bank of Australia and Westpac advanced.
Overall, the MSCI Asia ex-Japan index traded 0.21% higher.
On the corporate earnings front, South Korea’s Samsung Electronics posted a first quarter net profit of 4.9 trillion Korean won (approx. $4.01 billion), Reuters reported Wednesday. Still, that was below Refinitiv estimates of 5.1 trillion won.
Source : CNBC