Asian stock markets followed Wall Street’s lead on Wednesday, with Tokyo’s Nikkei 225 surging over 2% due to gains in semiconductor stocks. Shanghai Composite and Hang Seng climbed, while Australia’s ASX 200 saw modest gains after a report on decelerating inflation. U.S. futures rose, while oil prices edged higher.
Asian stocks mostly rose on Tuesday, tracking a partial recovery in US equities, while oil prices gained. The Nikkei 225 in Japan edged up 0.3%, while the Hang Seng in Hong Kong advanced 1.6%. However, the Shanghai Composite index in mainland China slipped 0.8%. In the US, futures contracts were mixed, with the S&P 500 futures down slightly. Meanwhile, oil prices rose, with US crude benchmark gaining 16 cents and Brent crude rising 18 cents per barrel.
