Asian stocks rose, following a rebound in U.S. shares, with markets in China and Hong Kong closed for a holiday.
The MSCI Asia Pacific Index gained 0.4 percent to 126.45 as of 9:01 a.m. in Tokyo. Chinese shares closed lower on the last trading day of this week as investors assessed the level of state support before a major military parade on Thursday. Mainland markets are closed Thursday and Friday to commemorate the end of World War II.
E-mini futures on the Standard & Poor’s 500 Index added 0.3 percent following a 1.8 percent gain on the underlying index on Wednesday. The U.S. equities gauge slumped 6.3 percent last month as China’s currency devaluation spurred concern over global growth, erasing more than $5.7 trillion in equity market values worldwide, while volatility surged the most on record.
South Korea’s Kospi index rose 0.7 percent and Australia’s S&P/ASX 200 Index gained 0.5 percent. New Zealand’s NZX 50 Index advanced 0.7 percent.