Asian markets are trading higher after US stocks rose for a second day

People cross a street in Hong Kong’s Causeway Bay.

Mark Fernandez | NoorPhoto | Good pictures

Asia-Pacific shares traded higher on Wednesday after US stocks rose for a second day.

Hong Kong’s Hang Seng index rose about 6% in return to trading after the holiday on Tuesday. The Hang Seng Tech index rose 7.4%.

The Nikki 225 Japan rose 0.45%, pushing above the 27,000 level, while the Topix added 0.37%.

In South Korea, the Cosby It rose 0.15% and Costco gave up early gains to fall 1.5%. of Australia S&P/ASX 200 increased by 1.72%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 2.37%.

On the economic front, Inflation eased slightly in South Korea in September. According to official data released on Wednesday.

China’s main markets are closed for the Golden Week holiday, and India’s stock market is also closed for the holiday.

Overnight on Wall Street, stocks rose overnight for a second session in the US. The Dow Jones industrial average rose 825.43 points, or 2.8%, to 30,316.32. The S&P 500 advanced nearly 3.1% to 3,790.93 and the Nasdaq Composite rose 3.3% to 11,176.41.

“There’s no denying that incoming US economic data has contributed to equity, bond and currency moves so far this week,” wrote Ray Addrill, head of FX strategy at National Australia Bank.

United States of America The jobs and labor earnings report produced a “big negative surprise.” Cannot be ignored, he wrote. It’s the “first meaningful sign of some cracks” in the labor market, though it’s still tight, he added.

— CNBC’s Tanaya Machill and Alex Haring contributed to this report.

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