Asia shares trade mixed, with Nikkei up 0.2% – CNBC

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Asia markets were mostly positive in muted trade Wednesday morning, shrugging off jitters after terrorist attacks in Belgium.

The Japanese benchmark Nikkei 225 index was up 0.23 percent after finishing nearly 2 percent higher Tuesday. Across the Korean Strait, the Kospi was up 0.17 percent, while Hong Kong’s Hang Seng index added 0.1 percent.

Chinese markets were positive, with the Shanghai composite adding 0.18 percent and the Shenzhen composite higher by 0.32 percent.

Australia’s ASX 200 index was down 0.49 percent, weighed by losses in the financials and energy subindexes, down 0.52 and 1.08 percent respectively.

Asia markets, like their European and U.S. counterparts, mostly shrugged off a series of deadly explosions that rocked Belgium’s capital on Tuesday.

Weiliang Chang, an FX strategist at Mizuho Bank, said in a note that risk appetite was initially dampened by the Brussels attacks during European trading hours, with “safe havens such as the [Japanese yen] and Treasuries rallying, while equities and emerging Asian currencies coming off.”

“However, many of these moves were later reversed, showing investor sentiment to be relatively unflappable given support from central bank easing,” he added.

However, Singapore’s OCBC Bank said in a morning note that trading around the region would stay quiet ahead of the month and quarter end as well as the upcoming long holiday weekend.

Asia shares trade mixed, with Nikkei up 0.2% – CNBC}