Asia stocks higher as Wall Street rises to new records overnight; Australia GDP beats expectations
Stocks in Asia-Pacific were mostly higher in Wednesday morning trade after major indexes on Wall Street surged to record highs overnight.
South Korea’s Kospi led gains among the region’s major markets as it gained 1.37%. In Japan, the Nikkei 225 was fractionally higher while the Topix index added 0.52%
Elsewhere, shares in Australia were little changed, as the S&P/ASX 200 sat below the flatline.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.32% higher.
Australia’s economy expanded 3.3% quarter-on-quarter in September, according to data released by the Australian Bureau of Statistics on Wednesday. That smashed expectations for a 2.6% rise by economists in a Reuters poll and followed a 7% quarter-on-quarter contraction in the June quarter.
Reference: CNBC
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