Investing.com -Asia shares mostly gained on Thursday, taking momentum from sharp overnight gains in the U.S.
The Nikkei 225 gained 0.82%, while the S&P/ASX 200 rose 1.71%, while the Shanghai Composite eased 0.15%.
In Japan, preliminary industrial production for May plunged 2.3%, compared with a 0.1% fall seen month-on-month. Later, Australia reports housing credit for May with the previous month posting a 0.4% gain and private sector credit with an expected 0.5% rise month-on-month.
Overnight, U.S. stocks rose sharply extending a rally from the previous session, as equities on Wall Street continued to erase losses from last week's Brexit decision, providing optimism that markets are ready to stabilize from the unexpected shock.
The Dow Jones Industrial Average added 284.96 or 1.64% to 17,694.68, finishing with its strongest session since March 1. After tumbling more than 850 points in the first two sessions following the Brexit victory, the Dow has rallied more than 3% since the start of Tuesday's session.
The S&P 500 Composite rose 87.38 or 1.86% to 4,779.25, completing its strongest two-day rally since February. On the S&P 500, all 10 sectors closed in the green as stocks in the Energy and Financials sector led. In total, nine industries closed higher by at least 1%. The NASDAQ Composite Index, meanwhile, jumped 34.68 or 1.70% to 2,070.77, as travel and airline stocks continued their recovery from the Brexit-inspired sell-off.