Stocks in Hong Kong led gains in the Asia-Pacific session after concluding the month of October with a more than 14% loss, hovering around the lowest levels that it’s seen since April 2009.
The Nikkei 225 took on another 91.46 points, or 0.3%, to 27,678.92.
Japan-listed shares of Toyota fell sharply after it reported a 25% drop in its second-quarter operating profit.
The company reported 562.7 billion yen ($3.79 billion U.S.) in operating profits for the quarter ending on September 30, a significant miss from an average estimate of 772.2 billion yen ($5.2 billion U.S.) from a Refinitiv poll and nearly a 25% drop from the same period last year.
Shares of Toyota dropped more than 2% shortly after the earnings release, as the wider Nikkei 225 index lost some of its earlier gains in the afternoon session.
In Hong Kong, the Hang Seng galloped 768.25 points, or 5.2%, to 15,455.27, after unconfirmed reports of reopening talks taking place in
China.
Stocks in Hong Kong and mainland China rallied after unconfirmed reports circulated about a committee being formed for reopening discussions in China. Chinese foreign ministry spokesperson Zhao Lijian told Reuters that he was unaware of the situation.
The Reserve Bank of Australia raised interest rates by 25 basis points for the second consecutive time, in line with expectations. The S&P/ASX 200 rose 1.65% to 6,976.90.
CHINA
In Shanghai, the CSI 300 hiked 125.47 points, or 3.6%, to 3,634.17, after the Caixin manufacturing PMI for the country came in at 49.2, slightly better than expected.
In other markets
In Taiwan, the Taiex spiked 87.46 points, or 0.7%, to 13,037.21.
In Korea, the Kospi index rallied 41.61 points, or 1.8%, to 2,335.22.
In Singapore, the Straits Times Index added 37.39 points, or 1.2%, to 3,130.50.
In New Zealand, the NZX 50 lost 21.71 points, or 0.2%, to 11,316.64.
In Australia, the ASX 200 jumped 113.4 points, 1.7%, to 6,976.86.
