Stock market today: Asian shares are mostly higher, tracking gains on Wall Street
ABC News
Asian shares are mostly higher, tracking gains on Wall Street
TOKYO -- Asian shares were mostly higher Wednesday, tracking gains on Wall Street, although Tokyo's benchmark slipped slightly.
U.S. futures and oil prices were little changed.
Stocks rose in Shanghai and the smaller market in Shenzhen after Chinese regulators issued another set of market-enhancing policies, while Hong Kong gave up early gains.
The upward momentum from Tuesday's announcement that a state investment fund was stepping up purchases of exchange-traded funds appeared to have faded. A report that Chinese leader Xi Jinping was to meet with officials to discuss the markets remained unconfirmed, with no word on such a meeting.
Those developments had pushed Chinese shares, including those in Hong Kong, sharply higher on Tuesday. By Wednesday afternoon, Hong Kong's Hang Seng was down 0.3% at 16,096.10, while the Shanghai Composite index gained 1.4% to 2,829.70.
