Focus on rebound in US markets, dollar and earnings

South Korea’s Kospi reversed early gains to slide 0.63 percent. Heavyweight tech names, which were firmly in positive territory in the morning, traded mixed: Samsung Electronics slid 1.56 percent while rival chipmaker SK Hynix jumped 3.13 percent. The manufacturing sector traded in negative territory, with steelmaker Posco down 1.47 percent.

The junior Kosdaq index climbed 0.86 percent.

Over in Sydney, the S&P/ASX 200 bounced 0.89 percent as energy and materials stocks led gains. Among major miners, Rio Tinto and BHP tacked on 3.92 percent and 1.88 percent, respectively. Energy-related stocks edged up: Santos advanced 1.11 percent and Beach Energy climbed 4.22 percent.

Gold producers were among the worst-performers on the day, with the sector declining 1.81 percent.

Hong Kong’s Hang Seng Index rose 1.26 percent, tracking the move higher stateside. Gains were seen across sectors on Wednesday, with tech giant Tencent jumping 3.41 percent. Heavily weighted financial names also recorded gains: HSBC rose 1.37 percent, China Construction Bank gained 1.32 percent and Bank of China soared 1.37 percent.

Property names were a mixed picture after getting some relief earlier. China Evergrande Group rose 4.66 percent, but Country Garden slipped 0.14 percent.

Meanwhile, mainland markets lagged the advance seen in most of the region. The Shanghai composite declined 0.81 percent and the Shenzhen composite was off by 0.03 percent. Financials traded lower: Shares of Bank of China listed in Shanghai fell 2.31 percent and Industrial and Commercial Bank of China lost 3.83 percent. Insurers also saw declines, with Ping An Insurance Group declining 3.24 percent.

On the earnings front, notable corporates due to report include Japan’s SoftBank Group, Meiji Holdings and Subaru. Australian-British mining company Rio Tinto is expected to announced annual results after the Australian market closes.

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