Asian Stocks Rise After US Factory, Construction Data Boost Shares
Asian stocks rose on Wednesday after better-than-expected economic data gave U.S. shares a boost. Japan’s Nikkei 225 rose 3.4 percent, South Korea’s KOSPI and Singapore’s STI were up 1.5 percent and Australia’s ASX 200 gained 1.7 percent.
In the U.S., the Dow Jones Industrial Average, Standard & Poor’s 500 and Nasdaq Composite all rose from 2.1 percent to 2.9 percent.