Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia.
James D. Morgan | Getty Images News | Getty Images
Asia-Pacific markets rebounded across the region, following a broad sell-off on Tuesday.
Wednesday will see Australia release its third-quarter GDP numbers, while investors will also digest the Reuters Tankan survey for Japan in December, which showed improving business sentiment among large Japanese manufacturers.
The Tankan survey, done by the Bank of Japan quarterly, measures economic conditions in Japan and the survey results are considered a key economic indicator.
The Reuters monthly poll is considered to be a leading indicator of the BOJ’s official survey.
In Australia, the S&P/ASX 200 rose 0.73%, ahead of its third-quarter GDP numbers.
Japan’s Nikkei 225 popped 0.86%, leading gains among major Asian indexes, while the Topix also advanced 0.7%.
South Korea’s Kospi inched up 0.18%, while the small cap Kosdaq climbed 0.43%.
Futures for Hong Kong’s Hang Seng index stood at 16,407, pointing to a stronger open after the index plunged almost 2% on Tuesday and ended at 16,327.86, a one-year low.
Overnight in the U.S., the Dow Jones Industrial Average and the S&P 500 slid on Tuesday as a recent rally on Wall Street lost steam.
The 30-stock Dow slid 0.22%, while the S&P 500 inched lower by 0.06%. In contrast, the Nasdaq Composite gained 0.31% to end at 14,229.91 as technology shares outperformed.
— CNBC’s Sarah Min and Alex Harring contributed to this report
