Investing.com – Asian stocks were up on Wednesday, after chip manufacturer Intel posted stronger-than-expected second quarter earnings, leading to a broad rally among technology stocks.
Hong Kong's Hang Seng Index was up 0.84%; South Korea's Kospi Composite advanced 1.32%; and Japan’s Nikkei 225 Index soared 2.71%.
Shares in Intel gained 2.14% after the company reported a 34% increase in quarterly sales. Other tech stocks which posted strong gains were Lenovo which gained 5.9%, Toshiba which advanced 4% and Sony which rose 2%.
The commodity sector also preformed strongly, BHP Billiton Ltd., the world’s largest mining company and Australia’s largest oil producer, increased 1.8%, while Rio Tinto Group, the world’s third-biggest mining company advanced 1.1%.
The outlook for European equity markets, meanwhile, was optimistic: EURO STOXX 50 futures indicated a rise of 0.45%, France’s CAC 40 futures pointed to an increase of 0.34% and Germany's DAX futures indicated an increase of 0.56%.
Later Wednesday the euro zone was to publish data on consumer price inflation and industrial production.
Hong Kong's Hang Seng Index was up 0.84%; South Korea's Kospi Composite advanced 1.32%; and Japan’s Nikkei 225 Index soared 2.71%.
Shares in Intel gained 2.14% after the company reported a 34% increase in quarterly sales. Other tech stocks which posted strong gains were Lenovo which gained 5.9%, Toshiba which advanced 4% and Sony which rose 2%.
The commodity sector also preformed strongly, BHP Billiton Ltd., the world’s largest mining company and Australia’s largest oil producer, increased 1.8%, while Rio Tinto Group, the world’s third-biggest mining company advanced 1.1%.
The outlook for European equity markets, meanwhile, was optimistic: EURO STOXX 50 futures indicated a rise of 0.45%, France’s CAC 40 futures pointed to an increase of 0.34% and Germany's DAX futures indicated an increase of 0.56%.
Later Wednesday the euro zone was to publish data on consumer price inflation and industrial production.