Asia in the green with Comey’s FBI dismissal, new South Korean president in focus

Asian Market 1

Equities in Asia were in the green on Wednesday as investors digest the dramatic dismissal of FBI Director James Comey in the US and follow the inauguration of liberal candidate Moon Jae-in after his win in the South Korean presidential election.

Official results reflected that Moon, a candidate from the Democratic Party of Korea, had won 41.1 percent of the vote, according to Reuters. Moon will take on the presidency after the ouster of former South Korean President Park Geun-hye was removed from office on corruption charges.

Japan’s benchmark Nikkei 225 index was up 0.45 percent while the Kospi edged up by 0.24 percent. The ASX 200 was reversed earlier losses to gain 0.34 percent as investors in digested the release of the federal budget yesterday after the market close.

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