Wednesday, 25 May 2016

Asia Markets trade Higher; Nikkei up 1.6%, ASX Up 1.4%

Asia markets opened sharply higher on Wednesday, with most major indexes advancing around than 1 percent each, after encouraging reports on the housing market stateside saw gains in US stocks. 

Japan's Nikkei 225 was up 1.6 percent, with shares receiving additional boost from a relatively weaker yen against the dollar. Across the Korean Strait, the Kospi advanced 0.82 percent. 

Down Under, the benchmark S&P/ASX 200 was up 1.39 percent, led by gains in the heavily-weighted financials subindex, as well as the energy and materials sub-indexes. 

US stocks ended higher overnight, with the Dow Jones industrial average closing up 1.22 percent, the S&P 500 higher by 1.37 percent and the Nasdaq composite added 2 percent.

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