Stocks in the Asia-Pacific traded higher on its last trading session of the year after Wall Street rebounded overnight, recovering most losses from the previous day.
Hong Kong’s Hang Seng index rose 0.52% in its final hour of trade, carrying on the sentiment from the U.S. session. In mainland China, the Shanghai Composite gained 0.6% to 3,092.6 and the Shenzhen Component added 0.27% to 11,025.28.
The S&P/ASX 200 in Australia rose 0.26% to end its session at 7,038.7. In Japan, the Nikkei 225 was flat to end at 26.094.5 while the Japanese yen saw some strengthening to last stand at 132.42 against the U.S. dollar.
Seoul’s stock markets are closed for New Year’s holiday and scheduled to resume trade on Jan. 2 an hour later than usual at 10 a.m. local time.
Overnight in the U.S., jobless filings rose last week, according to the Labor department, a higher reading than Dow Jones estimates. Wall Street’s major averages are still headed toward their worst year since 2008 as investors head into the final trading days of 2022.