Asian Equities Higher after Solid U.S. Lead

Asian equity markets rose on Wednesday after the S&P 500 index closed above the 2,000 mark for the first time ever.

Wall Street’s record gains overnight were sparked by better-than-expected reports that cast a favorable light on the economy. Consumer confidence hit its highest level since 2007 in August while durable goods orders posted their biggest gain on record in July.

News that Israel and militant groups in Gaza agreed to halt all fighting in the war-torn region may also add to the optimistic mood. Tel Aviv also said that it will open more border crossings to allow goods to flow into the region.


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