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South Korea Leads Gains Among Asia Markets

Stocks in Asia-Pacific were mixed on Wednesday after major indexes on Wall Street surged to record highs overnight.

In Japan, the Nikkei 225 gained 13.44 points, or 0.1%, to conclude Wednesday at 26,800.98.

The Japanese yen traded at 104.57 per dollar, off levels below 104.1 against the greenback seen earlier in the trading week.

In Hong Kong, the Hang Seng index lost 35.1 points, or 0.1%, to 26,532.58. Xiaomi shares in Hong Kong, which were suspended earlier on Wednesday, plummeted 7.1% on the day. The Chinese smartphone maker announced Wednesday plans to raise nearly $4 billion by selling new shares and bonds.

Meanwhile, shares of Evergrande Property Services — a unit of Chinese property developer China Evergrande Group — dipped about 0.2% from their issue price as they made their debut on Wednesday. China Evergrande Group shares in Hong Kong dropped 2.5%.

Australia’s economy expanded 3.3% quarter-on-quarter in September, according to data released by the Australian Bureau of Statistics on
Wednesday. That smashed expectations for a 2.6% rise by economists and followed a 7% quarter-on-quarter contraction in the June quarter.

Following that release, the Australian dollar changed hands at $0.7379, after touching an earlier low of $0.7362.

In other markets

In Shanghai, the CSI 300 poked up 0.04 points to 5,067.14.

In Korea, the Kospi index added 41.65 points, or 1.6%, to 2,675.90.

In Taiwan, the Taiex Index jumped 103.47 points, or 0.8%, to 13,898.14.

In Singapore, the Straits Times Index removed 3.17 points, or 0.1%, to 2,810.95.

In New Zealand, the NZX 50 dipped 1.22 points to 12,728.69.

In Australia, the ASX 200 edged forward 1.67 points to 6,590.20.