Asia Hikes on China Growth News
Shares in major Asia-Pacific markets rose on Wednesday, as a private survey showed accelerating Chinese services activity growth in July.
In Japan, the Nikkei 225 dropped 57.75 points, or 0.2%, to 27,584.08.
The Japanese yen traded at 109.19 per U.S. dollar, having strengthened from levels above 109.6 against the greenback earlier this week.
In Hong Kong, the Hang Seng zoomed 231.73 points, or 0.9%, to 26,426.55, with shares of Chinese tech giant Tencent jumping 2.4% after seeing heavy losses yesterday.
The Australian dollar changed hands at $0.7419, higher than levels below $0.735 seen earlier in the trading week.
In Shanghai, the CSI 300 gained 44.39 points, or 0.9%, to 4,978.05
The Caixin/Markit services Purchasing Managers' Index for July came in at 54.9 on Wednesday, up from June's reading of 50.3.
PMI readings above 50 represent expansion, while those below that level signal contraction. PMI readings are sequential and represent month-on-month expansion or contractions.
In other markets
The Kospi index in Korea added 43.24 points, or 1.3%, to 3,280.38.
In Taiwan, the Taiex index moved up 70.13 points, or 0.4%, to 17,623.89
In Singapore, the Straits Times Index regained 33.65 points, or 1.1%, to 3,182.90.
In New Zealand, the NZX 50 recovered 96.79 points, or 0.8%, to 12,797.29.
In Australia, the ASX 200 restocked 28.7 points, or 0.4%, to 7,503.18
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