Shares rose in Asia after stocks rallied on Wall Street, bringing some relief to financial markets after losses.
Australian, Japanese, and South Korean stocks all climbed. On Wednesday, the S&P 500 rose 0.8% in New York, its biggest gain in almost three weeks, while the Nasdaq 100 advanced 1.5%, its best day since August.
U.S. equity futures held to tight ranges in early Asian trading. Mainland China markets remain shut for a week-long holiday.
Brent crude prices were trading below $86 a barrel, and WTI crude was below the $85 mark. The yield on the 10-year U.S. bond was trading at 4.74%, and Bitcoin was above the $27,000 level.
At 8:10 a.m., the GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India, was up 12 points, or 0.06%, at 19,495.
India’s benchmark stock indices closed lower for the second straight day on Wednesday as most sectors declined, with banks, realty, media, pharma, and auto leading the declines.
Overseas investors remained net sellers of Indian equities for the 11th consecutive day on Wednesday. While foreign portfolio investors sold stocks worth Rs 4,424 crore, domestic institutional investors bought equities worth Rs 1,769.5 crore, according to provisional data from the NSE.
The Indian rupee weakened 3 paise to close at Rs 83.24 against the U.S. dollar on Wednesday.
