Asia-Pacific stocks trade higher following Wall Street bounce; South Korea’s Kakao Games soars in debut

Stocks in Asia-Pacific traded higher Thursday morning following an overnight bounce for shares stateside.

The Nikkei 225 in Japan rose 0.67% in early trade while the Topix index advanced 0.66%.

South Korea’s Kospi gained 1.09%. Shares of Kakao Games soared more than 100% from their issue price in the opening minutes of their debut in South Korea.Shares in Australia also advanced, with the S&P/ASX 200 up 1.11%.Overall, the MSCI Asia ex-Japan index traded 0.39% higher.Investor reaction to the overnight jump on Wall Street was watched. The Dow Jones Industrial Average closed 439.58 points higher, or 1.6%, at 27,940.47. The S&P 500 […]

Source: www.cnbc.com

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