Asian stocks closed trading this Wednesday (5) higher, boosted by a second day of rally on Wall Street.
Coming back from a holiday, the Hang Seng index jumped 5.9% in Hong Kong to 18,087.97 points, leading gains in Asia.
Elsewhere in the region, Japan’s Nikkei rose 0.48% in Tokyo to 27,120.53 points, South Korea’s Kospi rose 0.26% in Seoul to 2,215.22 points, and Taiex secured a rise of 1. 66% in Taiwan, at 13,801.43 points.
In mainland China, markets are closed this week for a public holiday.
Risk appetite held up in Asia, after solid gains in the previous trading session, as a rally in New York bourses extended for a second straight day yesterday.
Investors on Wall Street are hopeful that the Federal Reserve can moderate the pace at which it has been raising rates to combat high inflation, following weak US jobs and manufacturing data.
In Oceania, the Australian stock exchange was also in the blue. The S&P/ASX 200 rose 1.74% in Sydney to 6,815.70, mainly supported by technology stocks (+3.9%).
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
