Asia-Pacific markets rose on Wednesday as investors looked ahead to the U.S. Federal Reserve’s latest update on its rate hike decision, as the central bank attempts to balance its inflation fight and stem a banking crisis.
Japan’s Nikkei 225
led gains in the region, advancing 1.93% and closing at 27,466. The Topix was 1.74% higher and finished at 1,962.93.
Hong Kong’s Hang Seng index gained 1.76%, and the Hang Seng Tech index rose 1.01%.
In Australia, the S&P/ASX 200
rose 0.87% to close at 7,015.6, while in South Korea, the Kospi was up 1.2% to close at 2,416.96 and the Kosdaq gained 1.36% to end at 813.43.
In mainland China, the Shanghai Composite gained 0.31% to finish at 3,265.75 and the Shenzhen Component climbed 0.61% to end at 11,496.93.
Overnight in the US, all three major indexes rose as Wall Street extended its Monday rally, with the S&P 500 gaining 1.3% to finish at 4,002.87 — its first close above the 4,000 threshold since March 6.
The Dow Jones Industrial Average gained 0.98%, and the Nasdaq Composite added 1.58% to lead gains in the U.S.
This article was originally published by CNBC.
