Asian stocks advanced, led by electronic goods companies and autos, after Seiko Epson and Daihatsu Motor posted higher profits.
Markets in the region rebounded from yesterday`s lows after the US Federal Reserve cut the interest rates by 50 basis points in yet another effort to stall the turmoil in financial markets worldwide.
Japanese benchmark index Nikkei gained 72.95 points, or 0.55%, to trade at 13,417.98.
Hong Kong`s index Hang Seng jumped 117.29 points, or 0.50%, to trade at 23,770.98.
China`s Shanghai Composite gained 10.07 points, or 0.23%, to trade at 4,427.92.
Taiwan`s index Taiex declined 69.97 points, or 0.93%, to trade at 7,473.53.
South Korea`s KOSPI added 22.06 points, or 1.39%, to trade at 1,611.12.
Singapore`s Straits Times added 11.48 points, or 0.38%, to trade at 3,011.51. (8.10 a.m., IST)
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