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Asian stocks stronger on upbeat earnings, China factory data

Asian stocks

Asian stock markets were higher on Wednesday following Dow industrial’s record-high finish, as upbeat corporate earnings reports and China factory data boosted investor confidence. Apple’s surprise earnings report pushed up share prices of its Asian suppliers.

Japan’s Nikkei 225 rose 0.6 per cent to 20,108.10 and South Korea’s Kospi gained 0.3 per cent to 2,430.30. Hong Kong’s Hang Seng index advanced 0.5 per cent to 27,667.39 while Shanghai Composite index added 0.1 per cent to 3,294.41. Australia’s ASX/S&P 200 bucked the region’s trend, falling 0.3 per cent to 5,752.60 as commodity prices dropped. Stocks in Southeast Asia were mostly higher.

Paul

The author Paul