Asia Rebounds From Tuesday Selloff


(MENAFN- Baystreet) Asia-Pacific markets rebounded across the region, led by Japan's markets and following a broad selloff on Tuesday.
In Japan, the Nikkei 225 index recovered in a big way, rocketing 670.08 points, or 2%, to 33,445/90.
The Tankan survey, done by the Bank of Japan quarterly, measures economic conditions in Japan and the survey results are considered a key economic indicator.
In Hong Kong, the Hang Seng regained 135.4 points, or 0.8%, to 16,463.26.
Investors assessed Australia's third-quarter GDP numbers, as well as the Reuters Tankan survey for Japan in December, which showed improving business sentiment among large Japanese manufacturers.
The country's economy expanded 2.1% year-on-year in the third quarter, beating expectations from economists polled by Reuters.
In other markets
In Shanghai, the CSI 300 gained 5.34 points, or 0.2%, to 3,399.60.
In Singapore, the Straits Times Index sprang back up 10.08 points or 0.3%, to 3,087.24.
In Taiwan, the Taiex gained back 32.71 points, or 0.2%, to 17,360.72.
In Korea, the Kospi index inched up 1.1 points, or 0.8%, to 2,495.38.
In New Zealand, the NZX 50 leaped 106.5 points, or 0.9%, to 11,463.49.
In Australia, the ASX 200 hiked 116.8 points, or 1.7%, to 7,178.35.




MENAFN06122023000212011056ID1107546941


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.