Asian-Pacific markets opened in the plus, following winnings on Wall Street after the latest information on inflation in the USA encouraged expectations that federal reserves could reduce interest rates next month.
Japanese Blue-Chip Nikkei 225 continued his gains and reached a new record maximum on Wednesday.
Among the largest index players are Yokohama Rubber, which rose by 10% and Renesas Electronics, which increased by more than 7%. Tokyo Electric Power Company Holdings jumped by 5.26%.
“The recent growth of Japanese property reflects the positive steps that the government undertakes to improve capital markets and corporate governance, especially the sensitivity of the stock values,” Fitch Solutions analysts.
Tencent Music Entertainment Group increased by 16% on Wednesday, the day after the company exceeded revenue assessments and get in the second quarter thanks to the strong subscriber growing in their online music services.
The company reported revenue of 8.44 billion Chinese Yuan ($ 1.18 billion), which is an increase of about 18% compared to the same period last year. The lion part of the revenue was achieved from the company’s online music services, which rose by more than 26%.
The net profit that can be attributed to the shareholders reached 2.57 billion yuan, which represents a leap of 37.4% compared to the previous year, SEEbiz reports.
Reuters’ survey assessed revenue to 7.98 billion yuan, and profit to 2.29 billion yuan.
In South Korea, the Kospa Index increased by 1.07%, while the masculine with small market capitalization increased by 0.88%.
In Australia, S & P / ASX 200 increased by 0.29%.
