Asia Markets: Japan, Hong Kong lead big stock rebound [MarketWatch]
Bank of America Corporation (BAC)
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Source: MarketWatch
Japan, Hong Kong lead big stock rebound Stocks in Japan and Hong Kong led gains across Asia on Wednesday as markets appeared poised for a relief rally of sorts. The Nikkei, NIK, +2.15% led by financial stocks, rose 2.2%, with Daiwa Securities 8601, +3.49% up pver 3%. Meanwhile, reflecting ongoing caution about U.S.-China trade tensions boosted many domestic demand-driven stocks. Cosmetics maker Kose 4922, +5.74% and food company Ajinomoto 2802, +4.09% jumped nearly 6% and 4%. In Hong Kong, the Hang Seng Index HSI, +1.61% rallied 1.6%, while the China Enterprises Index HSCEI, +1.68% , looking to end a 5-day losing streak, rose 1.7%. Tencent 0700, +1.80% helped lead the charge, with a 1.7% rise. But Chinese stock indexes lagged strong gains seen in most Asian markets. The Shanghai Composite SHCOMP, +0.31% rose just 0.3%, with others making similarly modest moves. China’s importance as the world’s largest economy by one measure, and its role as a key consumer of c
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