Asian stocks rise amid China holiday, get Wall Street perk

Spartan Echo

Asian stocks rose Thursday after Wall Street rebounded from a sharp sell-off and as a holiday in China gave investors a break from its torrid markets.

KEEPING SCORE: Japan’s Nikkei 225 was up 1.4 percent to 18,352.98 and South Korea’s Kospi gained 0.2 percent to 1,918.34. Stock markets in Southeast Asia also rose while Australia’s S&P/ASX 200 shed 0.5 percent to 5,077.00. New Zealand’s benchmark also fell. Taiwan’s benchmark added 0.5 percent to 8,072.27. Markets were closed in China, which has suffered a dramatic slide since June, and Hong Kong.

THE QUOTE: “With US stocks rebounding and mild gains from European markets, we could see some wind keeping Asian equities airborne today,” said IG market strategist Bernard Aw in a commentary. “Without China to provide guidance, improved sentiments from the Street would provide trading clues for Asian investors.”

CENTRAL BANKS: Attention is turning to the European Central Bank’s meeting on…

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