Markets in Asia on the upbeat territory, following the gains from Wall Street

Asian shares

Asian indexes rebounded from their declines from the previous session on early Thursday after a good performance across the U.S. markets. Global investors are currently anticipating the stance of Indonesia and South Korea’s central bank regarding rate hikes, along with the release of Chinese figures which are both due this day.

Japanese benchmark Nikkei 225 index edged up more than 0.73 percent due to the good performance from its financial and energy sector in early trade. However, SoftBank Group was 0.2 percent lower in shares, regardless of the gains from its technology sector.  Earlier this week, the index notched a 26-year high and it has been rising as high as 3 percent in 2018.

Across the Korean Strait, the Kospi index jumped more than 0.48 percent, with tech giant Samsung Electronics adding as much as 157 percent in shares as it rebounded from its losses on the previous session. Meanwhile, its rival chipmaker SK Hynix edged higher by 3.37 percent on Tuesday opening bell.

Despite the good performance of its technology sector, the weakness from its retail stocks limiting the advance of the index as Lotte Shopping dropped by 1.7 percent in shares.

The Aussie benchmark ASX 200 index surged more than 0.11 percent, with its major banks as the leading advancers in early trade. ANZ bank was 0.71 percent up in shares and Westpac jumped by 1.37 percent. However, mining stocks in the nation were at the bottom of the benchmark on the day.


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