Mainland stocks touched fresh seven-year highs amid mixed trading in the region early Wednesday, ahead of the release of the Bank of Japan’s (BoJ) rate decision.
China’s Shanghai Composite index opened up 0.7 percent, extending a 2.5 percent rally in the previous session, to clinch fresh seven-year highs.
In Hong Kong, shares of both companies soared over 30 percent each, helping the broader Hang Seng index to surge 2.1 percent to its highest level since May 2008. The bourse was also playing catch-up with its regional peers after being closed since Good Friday.
Japan’s Nikkei 225 hit a two-week high in early trade, while the dollar-yen last traded at 120.16 – near a 13-day high attained in the previous session.
South Korea’s Kospi index widened gains by mid-morning trade, thanks to gains in its index heavyweights. Samsung Electronics, which released its guidance on first-quarter results Tuesday, gained 1.2 percent, while Hyundai Motor and Posco bounced up 0.6 and 2.8 percent each.
In Singapore, shares of Singapore Telecommunications elevated 1 percent following news that the telecom service provider will be acquiring Trustwave Holdings, a privately-held information security company based in Chicago. The broader Straits Times index dipped 0.1 percent.
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