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Asian shares edge up following Wall Street's gain

Asian shares advanced on Wednesday after tech stocks firmness buoyed Wall Street while worries over Italy’s debt pushed traders to move into lower-risk government debt elsewhere.

Photo: Reuters

MSCI's broadest index of Asia-Pacific shares leaped 0.7 percent. Japan's Nikkei was up 0.4 percent.

Hong Kong’s Hang Seng Index and Australia’s S&P/ASX 200 Index gained 0.5 percent. The Shanghai Composite was virtually flat, reversing early losses of 0.3 percent.

The Nasdaq surged to a record peak for the second straight session overnight, while the S&P 500 slipped, with the financial stocks affected by lower Treasury yields.

The debt worries boosted Italian government bond yields to increase again after they had fell to one-week trough on Monday.


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