Asia Markets: Japan, Hong Kong lead big stock rebound in Asia Wednesday [MarketWatch]
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Source: MarketWatch
Japan, Hong Kong lead big stock rebound in Asia Wednesday Stocks in Japan and Hong Kong were leading early gains Wednesday across Asia as markets appeared poised for relief rally of sorts. The Nikkei, NIK, +1.94% led by financial stocks, is up 1nearly 2%, with Sumitomo Mitsui Trust 8316, +0.74% and Daiwa Securities 8601, +3.72% up some 3%. Treasury-price declines have helped push 10-year JGB yields up a basis point to 0.05%. Meanwhile, reflecting ongoing caution about US-China trade tensions many domestic demand-driven stocks are strong as well. Cosmetics maker Kose 4922, +5.86% and food company Ajinomoto 2802, +4.12% have jumped nearly 5%. Hong Kong stocks jumped in initial trading. The Hang Seng Index HSI, +1.46% is up 1.4%, among the leading gainers in Asia while the China Enterprises Index HSCEI, +1.53% , looking to end a 5-day losing streak, has risen 1.3%. Tencent 0700, +2.19% is helping lead the charge, up 1.5% while major oil company CNOOC 0883, +1.10%
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