Asian stocks rise on strong corporate earnings
Asian equities advanced as robust corporate earnings boosted investor confidence across global markets. Meanwhile, bonds stabilised and oil prices edged higher amid ongoing geopolitical developments.
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Asian stocks rose 1.5% and bonds stabilized during Wednesday morning trade following Wall Street's gains, driven by strong early corporate earnings. The advance follows a wrenching market selloff last week that left regional equities trading in a tight range. Strong earnings from 86% of reporting S&P 500 companies bolstered investor confidence, though gains varied globally.
