Japanese and Taiwanese stocks rose Wednesday as strong results from Apple Inc. boosted technology firms, while mainland Chinese stocks climbed on expectations Beijing may loosen its monetary policy spurred property developers.
In Japan, the Nikkei 225 Index ended its losing streak with a gain of 92.97 points, or 1%, to 9,561.01
In Hong Kong, the Hang Seng Index stepped back 30.87 points, or 0.2%, to 20,646.29
Shares of mainland property developers also climbed in Hong Kong despite the broader market weakness, with some analysts also anticipating further gains in the near-term.
In Taipei, shares of Hon Hai Precision Industry Co. rose 2.4% and Foxconn Technology Co. climbed 2.5%.
In Seoul, Samsung Electronics Co. added 1.7% and LG Display Co. rose 1.9%, although the broader market ended lower.
Gains in Tokyo were also aided by a weakened yen. Among technology shares, Advantest Corp. rose 2.9% and Tokyo Electron Ltd. gained 1.5%.
Among other exporters, Nissan Motor Co. rose 1.1% and robot-maker Fanuc Corp. added 2.7%.
Asia up on techs
CHINA
Chinese markets will be closed for public holidays on Monday and Tuesday.
In Shanghai, the CSI 300 Index gained 21.12 points, or 0.8%, to 2,625.99
Among developers, Gemdale Corp. jumped 4% in Shanghai and China Vanke Co. climbed 2.9% in Shenzhen; in Hong Kong, China Overseas Land & Investment Ltd. climbed 2.4% while China Resources Land Ltd. soared 4.3%.
In other markets;
Korea’s Kospi Index fell 1.44 points to 1,961.98
The Taiex index in Taiwan added 64.34 points, or 0.9%, to 7,563.19
Singapore’s Straits Times Index progressed 5.40 points, or 0.2%, to 2,979.78
Markets in Australia and New Zealand were shuttered for a holiday
