Asian equities rose on Wednesday morning after US Big Tech stocks outperformed their peers on a mixed day in trading.
Hong Kong’s Hang Seng index gained 0.2 per cent, China’s CSI 300 added 0.1 per cent, Japan’s Topix rose 1.3 per cent and South Korea’s Kospi advanced 0.5 per cent.
Australia’s S&P/ASX 200 added 1.4 per cent, after weaker than expected gross domestic product figures eased traders’ fears over the potential for more interest rate increases to combat inflation.
In the US on Monday, the S&P 500 closed 0.1 per cent lower, while the Nasdaq Composite added 0.3 per cent, led by large-cap technology stocks.
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