Asian Stocks
Asian stocks were mostly seen trading higher on Wednesday, following the positive reports on the US durable goods and consumer confidence. However, stocks in Japan were slightly dragged lower by the stronger yen.
The Japanese Nikkei 225 index gained 0.05%, to end at 15,534.82 points, while Tokyo Topix index lost 0.01% to close at 1,285.48 points.
The Japanese yen was seen strengthening against the US dollar at around 103.99 yen at the time of writing, weighing down some of the region’s stocks.
The marine cargo firm Kawasaki Kisen Kaishaclimbed 3.70% after the firm said it expects a 10% return-on-equity in five years and targets earning per share of 40 yen within the same period, doubling the forecasted figures for 2014, according to the Nikkei newspaper. On the downside, Uny Group Holdings slid 3.59% lower, while the media company Toho fell 2.75%.
Hong Kong Hang Seng index jumped 0.11% to 25,101.57 points at the time of writing, while the Chinese benchmark Shanghai Composite added 0.02% to 2,207.67 points.
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In China, property developer Henderson Land Development gained 2.33%, while China Oilfield Services climbed 8.5% to HK$21.80 after posting first-half earnings, which rose to 4.4 billion yuan. Meanwhile, the gas provider HK & China Gas saw the most losses during the session, with shares slumping 1.75%.
The Korean Kospi index rose 0.33%, closing at 2,074.93% points, while the Australian benchmark S&P/ASX 200 index edged 0.16% higher to 5,646.80 points.
In Sydney, the Australian building material producer Boral saw the most gains in Australia, with shares jumping 4.5% after its earning surpassed estimates, while Pacific Brands fell 9.91%.
US Economy
The Asian market was boosted by the overnight gains booked in the US, with the benchmark Standard & Poor’s 500 index climbed to an all-time high for the second straight session, followed by the upbeat figures for the US durable goods orders, the US House Price Index and the US Conference Board Consumer confidence survey, which climbed to the highest in nearly seven years.
European Stocks
Stocks in the European region were seen falling on Wednesday.
The European Euro Stoxx 50 edged 0.22% lower to 3,191.50 at the time of writing, while the German DAX added 0.13% to 9,575.60 at the time of writing. At the same time the French CAC 40 fell 0.17% to 4,385.80 and UK’s benchmark FTSE 100 rose 0.06% higher to 6,826.80.
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