Asian Equities Higher After U.S. Lead

Asia shares are expected to mirror gains of their U.S. peers on Wednesday as investors await data from Japan and Australia.

Australia’s benchmark S&P ASX 200 jumped 1 percent at the open, at its highest level in nearly a month and up for a seventh straight session. BHP Billiton spiked more than 1 percent after reporting a 17 percent annual increase in iron ore production during the September quarter.

Japanese shares are called higher following two sessions of volatile trading. Futures in Osaka jumped over 1 percent to 14,990 while Chicago futures ended at 15,100; both well above the benchmark Nikkei’s close of 14,804. On Monday, the index surged 4 percent, but then lost 2 percent on Tuesday.


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