Asia Markets: Nikkei gains on weaker yen, as other Asian markets mixed

A weaker yen helped nudge Japan’s Nikkei higher Wednesday morning, even as traders in Asia braced for a tightening tilt from the U.S. Federal Reserve with a speech from Chairwoman Janet Yellen due Friday, contributing to the mixed equities performance elsewhere in the region.

The Nikkei Stock Average NIK, +0.61% traded 0.5% higher, moderating early gains made on the back of a weaker yen due to the U.S. dollar’s broad strength. Australia’s S&P/ASX 200 XJO, +0.14% added 0.1%, while the South Korea Kospi SEU, -0.30% was down 0.3%. Hong Kong’s Hang Seng Index HSI, -0.77% fell 0.6%, with the Shanghai Composite Index SHCOMP, -0.12% roughly flat.

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