Hong Kong's Hang Seng index soars nearly 5% as Asian stocks jump

4 yıl önce

SINGAPORE â Shares in Asia-Pacific rose in Thursday morning trade following overnight gains on Wall Street, while the U.S. Federal Reserve announced its first rate hike in more than three years.

Hong Kong's Hang Seng index led gains among the region's major markets, surging nearly 5% in early trade and erasing heavy losses from earlier in the week. The benchmark index saw its best day since October 2008 on Wednesday.

Mainland Chinese stocks also rose, with the Shanghai composite up 1.23% while the Shenzhen component gained 1.95%.

China markets saw big gains on Wednesday after a Chinese state media report signaled support for Chinese stocks. U.S.-listed Chinese stocks also soared on WednesdayÂ following the report, which said regulators from both countries are working toward a cooperation plan on U.S.-listed Chinese stocks.

Other Asia-Pacific markets also jumped. The Nikkei 225 in Japan surged 3.22% while the Topix index climbed 2.19%.

South Korea's Kospi gained 1.7%. Over in Australia, the S&P/ASX 200 advanced 1.43%.

MSCI's broadest index of Asia-Pacific shares outside Japan traded 2.68% higher.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 1.12% to $99.12 per barrel. U.S. crude futures climbed 1.25% to $96.23 per barrel.

Fed rate hike

The U.S. Federal Reserve on Wednesday approved a 0.25 percentage point rate hike, the first increase since Dec. 2018.

Officials at the U.S. central bank also signaled an aggressive path ahead, with rate rises coming at the six remaining meetings this year.

Elsewhere, investors will continue to monitor developments surrounding the Covid situation in China as well as the ongoing Russia-Ukraine war.

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Overnight on Wall Street, the Dow Jones Industrial Average climbed 518.76 points, or 1.55%, to 34,063.10 while the S&P 500 advanced 2.24% to 4,357.86. The tech-heavy Nasdaq Composite surged 3.77% to 13,436.55.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 98.339 after a recent fall from around the 99 level.

The Japanese yen traded at 118.80 per dollar, weaker than levels below 118 seen against the greenback earlier this week. The Australian dollar changed hands at $0.731, holding on to gains after yesterday's jump from below $0.72.

â CNBC's Jeff Cox contributed to this report.