Asian Equities Continue to Power Ahead

Shares in Hong Kong and Tokyo outperform the region to scale fresh multi-year highs early Thursday. Other parts of Asia saw relatively muted gains as a near 7 percent slide in oil prices tapered the impact of an inspiring lead from Wall Street overnight.

U.S. stocks closed higher on Wednesday as the mostly dovish minutes from the last Federal Reserve meeting helped markets overcome the impact of plunging energy prices. The tech-heavy Nasdaq outperformed the other major indices, closing up 0.8 percent. The Dow Jones Industrial Average finished up 0.2 percent, while the S&P 500 settled 0.3 percent higher.

China’s Shanghai Composite index fell 1.2 percent, climbing down from Wednesday’s seven-year closing highs, while Hong Kong shares continued its upswing, surging 4 percent.