Major Asia-Pacific markets extended gains on Thursday, as the Shenzhen Composite advanced more than 2%. New growth-oriented energy and consumer stocks led the rally, with gains from Longi Green Energy, Contemporary Amperex, Tianqi Lithium, Kweichow Moutai and China Tourism Group.
Chinese stock markets rose presumably in hopes that Chinese authorities will further ease monetary policy next year to boost economic recovery and buoy the market.
At 4:27 am CET, the Shenzhen Composite improved by 2.10% in mainland China. The Shanghai Composite gained 1.11% at 4:42 am CET. On the other hand, Hong Kong's Hang Seng rose by 1.62% two minutes later.
Japan's Nikkei 225 decreased by 0.43%, while Australia's S&P/ASX 200 rose 0.51% at 4:48 am CET. South Korea's Kospi advanced by 1.03% at the same time.
On the currency front, the dollar went down by 0.34% compared to the Japanese yen at 4:45 am CET, trading for ¥141.3320.
