Shares in the Asia-Pacific traded higher on Wednesday after U.S. stocks rallied for a second day.
Hong Kong’s Hang Seng index surged 5.47% on its return to trade after a holiday Tuesday. The Hang Seng Tech index soared 7.4% higher.
The Nikkei 225 in Japan rose 0.45%, pushing above the 27,000 level, while the Topix added 0.37%.
On the economic front, inflation in South Korea slowed slightly in September, according to official data released Wednesday.
Mainland China markets remain closed for the Golden Week holiday, and India’s stock market is also shut for a holiday.
On Wall Street overnight, stocks soared overnight in the U.S. for a second session. The Dow Jones Industrial Average jumped 825.43 points, or 2.8%, to 30,316.32. The S&P 500 advanced nearly 3.1% to close at 3,790.93, and the Nasdaq Composite was 3.3% higher to end at 11,176.41.
“There is no denying incoming U.S. economic data is having a hand in equity, bond and currency moves so far this week,” wrote Ray Attrill, head of FX strategy at National Australia Bank.
The U.S. Job Openings and Labor Turnover report sprang a “big downside surprise” that couldn’t be ignored, he wrote. It’s the “first meaningful sign of some cracks” in the labor market, though it is still very tight, he added.
— CNBC’s Tanaya Macheel and Alex Harring contributed to this report.
Sources from: CNBC.COM
SVE NEWS is the leader in world news liberal sharing.
(Comments on this news are welcome)
2022 CWMALLS: Standard, Sharing,Ecology, Value;
2022 CWMALLS COMMODITY: Patent, Technology, Art, Intelligence;
2022 CWMALLS NEW SPECIES: Keen, Aggressive, Personality, Value;
2022 MWE FUND: Charity, Public Welfare, Responsibility
2022 CWS is with the world and Mars!
Tips: In order to explore more planet species diversity and ecosystem of Mars and earth’s biosphere of cohesion, from now on in the chosen experts and scholars of Mars and planets, especially the astrophysicist, astrobiologists, astrochemists, and so on all over the world’s elite, contribute to the existence and development of simulation of Mars landing. Thank you very much! CWS (Mars) Asia-Pacific Preparatory Committee 0086-57189877088/89877099, E-mail: email@example.com, Twitter: CWS, October 3, 2021