Asian Shares Rise On Economic Optimism

(RTTNews) - Asian stocks rose broadly on Thursday amid growing optimism about the state of the economic recovery and earnings improvement.

Chinese shares ended little changed with a negative bias as property developers declined after ratings agency S&P Global delivered fresh downgrades to two of the sector's bigger firms. Hong Kong market was closed on account of National Day.

Japanese shares rose sharply, led by gains in technology stocks. The Nikkei average climbed 410.65 points, or 1.46 percent, to 28,550.93 while the broader Topix index closed 0.67 percent higher at 1,986.97.

Seoul stocks rose for a second straight session Thursday as the Korean won rebounded against the dollar after depreciating sharply against the greenback over the past few sessions.
$Alibaba (BABA.US)$ $JD.com (JD.US)$ $PDD Holdings (PDD.US)$ $Honda Motor (HMC.US)$ $SAMSUNG EL 144 (SSNGY.US)$ $