Asian shares
clung to modest gains on Wednesday on hopes that Beijing could stem the
rout in its markets without damage to the economy, while caution ruled
elsewhere ahead of a policy decision from the U.S. Federal Reserve.
The
major European markets were also expected to open higher, while the
calmer mood prompted a bounce in some hard-beaten commodities including
copper.
While China's main indexes could not sustain an early rally neither were they much lower, a relief after Monday's 8 percent plunge.
The CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen was off 0.7 percent, while the Shanghai Composite .SSEC slipped 1 percent.
Sentiment has been soothed a little by pledges from Chinese regulators to buy shares to stabilize stocks if needed and hints of more policy easing from the central bank.
The steadier tone was enough to lift Australia's main index .AXJO 0.9 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4 percent.
Japan's Nikkei .N225 eased 0.3 percent, hit by sharp falls in Fanuc Corp (6954.T) and Tokyo Electron (8035.T). [.T]
On Wall Street, the Dow .DJI had ended on Tuesday with gains of 1.09 percent, while the S&P 500 .SPX rose 1.24 percent and the Nasdaq .IXIC 0.98 percent. [.N]
Not faring so well was Twitter (TWTR.N), which sank 11 percent in extended trade after the microblogging company said its monthly average users grew at the slowest pace since it went public in 2013. [ID:nL3N1085F2]
While China's main indexes could not sustain an early rally neither were they much lower, a relief after Monday's 8 percent plunge.
The CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen was off 0.7 percent, while the Shanghai Composite .SSEC slipped 1 percent.
Sentiment has been soothed a little by pledges from Chinese regulators to buy shares to stabilize stocks if needed and hints of more policy easing from the central bank.
The steadier tone was enough to lift Australia's main index .AXJO 0.9 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4 percent.
Japan's Nikkei .N225 eased 0.3 percent, hit by sharp falls in Fanuc Corp (6954.T) and Tokyo Electron (8035.T). [.T]
On Wall Street, the Dow .DJI had ended on Tuesday with gains of 1.09 percent, while the S&P 500 .SPX rose 1.24 percent and the Nasdaq .IXIC 0.98 percent. [.N]
Not faring so well was Twitter (TWTR.N), which sank 11 percent in extended trade after the microblogging company said its monthly average users grew at the slowest pace since it went public in 2013. [ID:nL3N1085F2]
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