Asian markets notch strong gains after Dow hits record high
HONG KONG (AFP) - Asian markets rallied on Wednesday following a record-breaking performance by shares on Wall Street, with Tokyo and Sydney both hitting multi-year highs.
The stand-out player was Japanese electronics giant Sharp, which surged more than 17 per cent in the morning on reports that it was ready for a tie-up with South Korea's Samsung worth more than US$100 million (S$125 million).
Tokyo added 2.13 per cent, or 248.82 points, to end at 11,932.27 while Sydney was 0.82 per cent higher, adding 41.4 points to 5,116.8 - both indexes sitting around highs not seen since September 2008.
Seoul was up 0.20 per cent, or 4.13 points, at 2,020.74, while Hong Kong rose 0.96 per cent, or 217.34 points, to 22,777.84 and Shanghai added 0.90 per cent, or 20.87 points, to 2,347.18. Singapore rose 1.34 per cent, or 43.55 points, to 3,291.81.