Asian equities rose on Thursday, as investors took heart from a turn in oil prices and an inspiring performance on Wall Street overnight after the Federal Reserve said it was confident on the US economy.
Hong Kong, the key Hang Seng index rallied 1 percent, shrugging off the bearish sentiment that has taken the bourse to the lowest levels since October 3 in the previous sessions.
Japan’s benchmark Nikkei 225 got a fillip from a weaker currency at Thursday’s open, as dollar-yen marched towards the 119 handle.
South Korean shares trimmed gains early Thursday, losing momentum as blue-chips turned mixed an hour into trade. Posco reversed a 1.4 percent opening gain to creep down 0.2 percent while Samsung Electronics added 0.4 percent. Hyundai Motor plunged 2 percent.
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