Asia-Pacific markets trade higher after Wall Street rebound – CNBC

Pedestrians cross a street in Mong Kok district in Hong Kong, after officials announced measures for the city to end some of its last major Covid rules, scrapping gathering limits to vaccination checks and testing for travelers. Photographer: Lam Yik/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesStocks in the Asia-Pacific traded higher on its last trading session of the year after Wall Street rebounded overnight, recovering most losses from the previous day.Hong Kong’s Hang Seng index rose 0.56% carrying on the sentiment from the U.S. session. In mainland China, the Shanghai Composite gained 0.35% and the Shenzhen Component added 0.26%.The S&P/ASX 200 in Australia rose 0.5%. In Japan, the Nikkei 225 and the Topix both inched up 0.28% while the Japanese yen saw some strengthening to last stand at 132.42 against the U.S. dollar.Seoul’s stock markets are closed for New Year’s holiday and scheduled to resume trade on Jan. 2 an hour later than usual at 10 a.m. local time.Overnight in the U.S., jobless filings rose last week, according to the Labor department, a higher reading than Dow Jones estimates. Wall Street’s major averages are still headed toward their worst year since 2008 as investors head into the final trading days of 2022.South Korea’s inflation
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