Economic news

Asian equities rebound as global sell off eases

Asian stocks pared some of their earlier gains on Wednesday following a late recovery on Wall Street.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares was 0.8 percent higher after soaring as much as 2 percent in morning trades.

Japan’s Nikkei jumped 1.6 percent.

Australia’s S&P/ASX 200 Index gained 0.8 percent, while South Korea’s Kospi index dropped 2.2 percent.

Hong Kong’s Hang Seng Index was unchanged, pulling back from a 2.9 percent surge earlier. The Shanghai Composite Index slumped 1.6 percent.

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