SYDNEY, NSW, Australia – Stocks in Asia roared on Wednesday, following overnight surges on U.S., European, and UK markets.
In Japan, the Nikkei 225 jumped 595.21 points or 2.22 percent, to close Wednesday at 27,460.40.
The Australian All Ordinaries advanced 82.70 points or 1.10 percent to 7,573.00
In New Zealand, the S&P/NX 50 rose 183.57 points or 1.54 percent to 12,121.89.
Seoul, South Korea’s Kospi Composite added 50.73 points or 1.90 percent to 2,727.27.
In Hong Kong, the Hang Seng gained 363.19 points or 1.49 percent to 24,718.50.
China’s Shanghai Composite rose 19.74 points or 0.57 percent to 3,465.83.
The U.S. dollar was mixed. The euro strengthened to 1.1362 by the Sydney close Wednesday. The British pound was little changed at 1.3554. The Japanese yen was unmoved at 115.64. The Swiss franc was a tad stronger at 0.9250.
The Canadian dollar rose to 1.2711. The Australian dollar continued its recent rally to 0.7169. The New Zealand dollar climbed to 0.6649.
Overnight on Wall Street, the Nasdaq Composite led the way, surging 348.84 points or .253 percent to 14,139.76.
The Dow Jones Industrials gained 422.67 points or 1.22 percent to 34,988.84.
The Standard and Poor’s 500 added 69.40 points or 1.58 percent to 4,471.07.