Japanese stocks rose to a six-week high on Wednesday as bank shares extended recent gains thanks to rising bond yields, while major exporters reaped the rewards of a faltering yen.
Seoul stocks traded higher late Wednesday morning as investors await stimulus measures from the European Central Bank this week.
Hong Kong stocks gained 106.96 points, or 0.40 percent, to open at 26,790.64 points on Wednesday.
Gold prices edged up on Wednesday, but hovered near a four-week low hit in the previous session as risk appetite improved amid hopes of an interest rate cut by the European Central Bank and fiscal stimulus measures from Germany, Europe’s largest economy.
The ChiNext Index, China’s NASDAQ-style board of growth enterprises, was up 0.29 percent to open at 1,730.35 points Wednesday.
Chinese stocks opened higher on Wednesday, with the benchmark Shanghai Composite Index up 0.29 percent to open at 3,029.93 points.
Tokyo stocks opened higher Wednesday as despite a negative lead from Wall Street overnight, investor sentiment was bolstered by receding trade issues.
Seoul stocks started higher on Wednesday on hopes for monetary easing around the globe and eased woes over the U.S.-China trade dispute.
THERE was much cheer for traders during Wednesday’s session.
Australian shares ended marginally higher on Wednesday, as solid gains in the mining and financial sectors – the benchmark index’s biggest components – helped outweigh a decline in technology and healthcare stocks.