Asian stocks higher on US optimism

<p>Asian markets were trading higher on Wednesday after Wall Street gains.</p>

Asian equity markets were higher today (June 2nd) following record gains on Wall Street overnight.

A weaker yen also helped Tokyo to add to its previous day's healthy gains, AFP reports.

Tokyo rose 0.29 per cent to 15,369.97, Sydney added 1.48 per cent to 5,455.4 and Seoul put on 0.81 per cent to close at 2,015.28.

Shanghai ended 0.44 per cent, or 9.04 points, higher at 2,059.42, while Hong Kong shares jumped 1.55 per cent, or 358.90 points to 23,549.62.

US shares jumped in response to strong figures for US auto sales and new data showing Chinese manufacturing activity picking up, with HSBC's final read on the manufacturing Purchasing Managers' Index displaying its first improvement this year.

The Dow climbed 0.77 per cent on Tuesday and the S&P 500 added 0.67 per cent, while the Nasdaq surged 1.14 per cent.

Learn about the Asian markets and CFD trading at City Index.


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