Sat. May 21st, 2022

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Asia-Pacific stocks higher

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Asia-Pacific stocks

Stocks in Asia-Pacific were higher in Wednesday trade following an overnight bounce on Wall Street as optimism grew over the prospect of more stimulus.

In Japan, the Nikkei 225′s advanced 0.27% while the Topix index rose 0.37%.

Japan’s exports declined 4.2% in November as compared with a year ago, according to Ministry of Finance data released Wednesday. That was far off the 0.5% rise expected by economists in a Reuters poll.

Mainland Chinese stocks nudged higher, with the Shanghai composite up 0.13% while the Shenzhen component advanced 0.133%.

South Korea’s Kospi traded 0.33% higher. Over in Australia, the S&P/ASX 200 gained 1.25%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.61% higher.

In Japan, Alps Alpine surged 5.67% while Taiyo Yuden gained 1.3%. South Korea’s LG Display edged 0.28% higher.

Hong Kong-listed shares of AAC Technologies soared 3.51%. Over in Taiwan, shares of Taiwan Semiconductor Manufacturing Company gained 1.98% and Largan Precision jumped 2.17%. In mainland China, Luxshare saw its stock rise nearly 4%.

 

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