Neon ads in Dotonbori district, Osaka, Kansai region, Japan
Alexander Spatari | Moment | Getty Images
Asia-Pacific markets all rose on Wednesday as investors digest better-than-expected results from Wall Street.
Overall, the earnings season was off to a strong start. Of the S&P 500 companies that have reported, 84% exceeded profit estimates, according to FactSet.
In Japan, the Nikkei 225 popped 1%, while the Topix was up 0.94%. Business sentiment among manufacturers in Japan declined for the first time in six months in July, according to the Reuters Tankan survey, which measures confidence among large Japanese companies.
South Korea’s Kospi climbed marginally, and the Kosdaq was up 0.31% after reaching its highest level in over 15 months on Tuesday.
In Australia, the S&P/ASX 200 rebounded from Tuesday losses and rose 0.58%. Australia will see its unemployment figures out Thursday, seen as critical to the central bank on whether it will continue to hike rates.
Hong Kong’s Hang Seng index looks set to continue sliding after falling more than 2% on Tuesday, with futures at 18,898 compared to the HSI’s last close of 19,015.72.
Overnight in the U.S., all three major indexes climbed, with the Dow Jones Industrial Average up 1.06% and notching its seventh straight day of gains and its longest winning streak since March 2021. The Nasdaq Composite climbed 0.76%, while the S&P 500 gained 0.71%.
— CNBC’s Brian Evans and Samantha Subin contributed to this report