Beijing, China (BBN)-Stocks in mainland China were back in positive territory on Wednesday after drastic losses earlier in the week.
The benchmark Shanghai Composite was up by 0.8 per cent at 3,691.56 points, reports BBC.
After the record losses earlier in the week, authorities tried to calm markets promising stabilise stocks while the central bank hinted at further easing.
Investors also took a positive cue from the US overnight where the Dow Jones finished up higher, breaking a five-session trend.
Hong Kong’s Hang Seng was also higher, 0.5 per cent up to 24,630.64 points.
In Japan, retail sales came in 0.9 per cent up for June compared to the previous year, beating forecasts of 0.5 per cent.
But the Nikkei 225 failed to pick up on the positive cues and fell by traded 0.5 per cent to 20,236.93 points.
Investor sentiment was pulled down by poor earnings reports with both Fanuc and Tokyo Electron cutting their full year forecasts. Shares in both companies fell by 10 per cent in early trade.
In Australia, the ASX/200 picked up on the strong lead from Wall Street and the encouraging signs from China. The index moved up by 1.1 per cent to 5,645.50 points.
In South Korea, the benchmark Kospi index traded 0.5 per cent up at 2,050.09.
Investors across the region were also looking ahead at the US Federal Reserve wrapping up a two day meeting later on Wednesday.
Hopes are that there might be signals on the timing of an interest rate raise later in the year.
BBN/SK/AD