Asian equity markets followed their US peers higher on
Wednesday ahead of the Federal Reserve's policy statement.
The Federal Open Market Committee concludes a two-day
session later in the day, where it is widely expected to announce the end of
its massive bond-buying stimulus.
Ahead of the outcome, all three major indices on Wall Street
bounced more than 1 percent, with the S&P 500 ending above its 50-day
moving average for the first time in almost a month.
Underpinning gains was data showing October consumer
confidence hitting its highest level since 2007.
Hong Kong's Hang Seng rose 1 percent or 234.13 points at
23,754.49.
Japan's Nikkei jumped
1.35 percent or 206.79 points at 15,536.70.
Singapore's Straits Times was up 0.50 percent or 16.18
points at 3,227.83.
South Korea's Seoul Composite gained 1.18 percent or 22.64
points at 1,948.32.
Taiwan's Taiwan Weighted added 0.76 percent or 66.33 points
at 8,839.88.
China's Shanghai Composite was up 0.40 percent or 9.24
points at 2,347.11.
1. Buy Voltas, target Rs
265 and stoploss at Rs 241
2. Buy Glenmark Pharma, target
Rs 728 and stoploss at Rs 716
3. Buy Bank of Baroda, target
Rs 960 and stoploss at Rs 900
