Asian stocks rose, following a rebound in U.S. shares, with markets in China and Hong Kong closed for a holiday.
The
MSCI Asia Pacific Index gained 0.4 percent to 126.45 as of 9:01 a.m. in
Tokyo. Chinese shares closed lower on the last trading day of this week
as investors assessed the level of state support before a major
military parade on Thursday. Mainland markets are closed Thursday and
Friday to commemorate the end of World War II.
E-mini
futures on the Standard & Poor’s 500 Index added 0.3 percent
following a 1.8 percent gain on the underlying index on Wednesday. The
U.S. equities gauge slumped 6.3 percent last month as China’s currency
devaluation spurred concern over global growth, erasing more than $5.7
trillion in equity market values worldwide, while volatility surged the
most on record.
South
Korea’s Kospi index rose 0.7 percent and Australia’s S&P/ASX 200
Index gained 0.5 percent. New Zealand’s NZX 50 Index advanced 0.7
percent.
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