HSI, Nikkei lead gains as most Asian markets advance – CNBC

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Asia markets mostly closed higher on Wednesday, with Hong Kong leading gains and several major indexes advancing more than 1 percent each, tracking Wall Street’s rise on solid housing data.

Japan’s Nikkei 225 closed up 258.59 points, or 1.57 percent, at 16,757.35, with shares receiving an additional boost from a relatively weaker yen against the dollar. Across the Korean Strait, the Kospi advanced 22.83 points, or 1.18 percent, to 1,960.51. In Hong Kong, the Hang Seng index ended up 537.62 points, or 2.71 percent, to 20,368.05.

Down Under, the benchmark S&P/ASX 200 closed up 76.94 points, or 1.45 percent, at 5,372.51, led by gains in the heavily-weighted financials subindex, as well as the energy and materials sub-indexes.

Chinese mainland markets gave up morning gains to close lower, with the Shanghai composite down 6.38 points, or 0.23 percent, at 2,815.27, and the Shenzhen composite lower by 4.37 points, or 0.24 percent, at 1,800.22.

“Asian markets have had limited news flow to deal with today,” said Chris Weston, chief market strategist at spreadbetter IG. “The bold moves [today] are a reflection of the belief that the global economy is actually not so shabby.”

HSI, Nikkei lead gains as most Asian markets advance – CNBC}