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Asian shares rose on Wednesday as robust US corporate earnings and encouraging data assuaged worries about softening global growth.
Japan’s benchmark Nikkei 225 jumped 1.3 per cent to 22,842.12. The Kospi in South Korea advanced 1.1 per cent to 2,169.20. The Shanghai Composite rose 0.1 per cent to 2,548.88.
Australia’s S&P/ASX 200 gained 1.2 per cent to 5,938.67. Shares rose in Taiwan, Indonesia and Singapore. Markets in Hong Kong were closed for a holiday.
US stocks bounced back from a series of losses, racking up their biggest gain in six months on Tuesday. The S&P 500 index rallied 2.1 per cent, its largest jump since March 26, to 2,809.92.
The Dow Jones Industrial Average advanced 2.2 per cent to 25,298.42, and the Nasdaq composite gained 2.9 per cent to 7,645.49.
The Russell 2000 index of smaller-company stocks climbed 2.8 per cent to 1,596.84, reports AP.
US benchmark crude added 11 cents to $72.03 a barrel. The contract gained 0.2 per cent to close at $71.92 per barrel in New York.
Brent crude, the international standard, rose 8 cents to $81.49 a barrel. It added 0.8 per cent to $81.41 per barrel in London.
The dollar strengthened to 112.39 yen from 112.28 yen late Tuesday. The euro fell to $1.1563 from $1.1575.