Asia-Pacific markets rose on Wednesday as investors looked ahead to the U.S. Federal Reserve’s latest update on its rate hike decision, as the central bank attempts to balance its inflation fight and stem a banking crisis.
In Japan, the Nikkei 225 returned to trading Wednesday with a gain of 520.94 points, or 1.9%, to 27,466.61.
In Hong Kong, the Hang Seng Index climbed 332.67 points, or 1.7%, to 19,591.43.
Shares of Geely saw the biggest moves, up 7.16% after the automaker posted a 45.6% year on year gain in revenue for the whole of 2022 and a 8.5% rise in profit.
Wuxi Biologics and Country Garden Holdings were also among the top gainers, Wuxi advancing 4.7% and Country Garden up 5.4%.
In other markets
In China, the CSI 300 gained 17.06 points, or 0.4%, to 3,999.44.
In Singapore, the Straits Times hiked 47.05 points, or 1.5%, to 3,220.98.
In Taiwan, the Taiex gained 247.01 points, or 1.6%, to 15,760.45.
In Korea, the Kospi progressed 28.61 points, or 1.2%, to 2,416.96.
In New Zealand, the NZX 50 recovered 55.63 points, or 0.5%, to 11,586.93.
In Australia, the ASX 200 vaulted 60.2 points, or 0.9%, to 7,015.59.
