A broad index of Asian shares touched a decade-high on Wednesday, taking cues from signs of confidence in the U.S. Meanwhile, the euro held onto overnight gains after Catalonia held back on an outright declaration of independence.
During the morning, the MSCI Asia Pacific ex-Japan index touched its highest levels since 2007 as major indexes across the region recorded gains. As of 4:10 p.m. HK/SIN, it was just off those levels, trading 0.33 percent higher for the day.
Japan's Nikkei 225 reversed early losses to close up 0.28 percent, or 57.76 points, at 20,881.27 — a two-decade high, Reuters said. Blue-chip automakers were pressured, but most tech names held above the flat line: Toyota fell 0.97 percent, Mazda Motor sank 1.99 percent and Softbank Group finished the session 0.39 percent higher.
Core machinery orders for August released Tuesday showed a 3.4 percent rise compared to one month ago, according to Reuters. That far surpassed the 1.1 percent increase median forecast in a Reuters survey.
Across the Korean Strait, the Kospi gained 1 percent to close at 2,458.16 as big name tech plays held onto significant gains made in the previous session. Samsung Electronics rose 3.48 percent and SK Hynix closed up 0.45 percent after surging in the previous session on investor expectations over upcoming quarterly results.
Down Under, the S&P/ASX 200 tacked on 0.59 percent to end at 5,772.145, touching one-month highs earlier in the session. The information technology sub-index led gains, climbing 1.85 percent in the session, while bank and energy stocks also rose.
The positive mood also extended to greater China, which notched moderate gains. Hong Kong's Hang Seng Index closed down 0.36 percent, or 101.26 points, at 28,389.57. On the mainland, the Shanghai Composite edged up 0.18 percent to finish the session at 3,389.0492 and the Shenzhen Composite reversed early gains to closed down 0.183 percent at 2,026.4692.