Major stock exchanges in the Asia-Pacific region traded mostly higher on Wednesday tracking Wall Street gains, as the sentiment across the globe seemingly recovered following the chaos in the financial sector. On the data front, Chinese retail sales climbed 3.5% in the first two months of 2023, while its industrial production rose 2.4%.
In mainland China, the Shanghai Composite rose 0.57% at 7:05 am CET, while the Shenzhen Composite was flat a minute later. At 7:07 am CET, Hong Kong's Hang Seng jumped 1.24% and South Korea’s Kospi Composite surged 1.41% simultaneously.
Australia's S&P/ASX 200 advanced 0.86%, while Japan's Nikkei stood flat at the close. The dollar traded 0.30% higher against the yen, selling for 134.62850 at 7:08 am CET.
