Asian Equities Mainly Higher with Eyes on Key Data

Asian indices opened mostly higher on Thursday, taking cues from their Wall Street peers which recouped losses overnight. South Korean shares underperformed upon resuming trade after an extended holiday weekend.

U.S. stocks rose on Wednesday, with social media shares boosting the technology sector and as investors pondered when the Federal Reserve would start hiking interest rates.

The Dow Jones Industrial Average gained 0.3 percent while the S&P 500 rose 0.4 percent, rebounding from its largest decline in a month. The tech-heavy Nasdaq climbed 0.8 percent.


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