TOKYO: Asian stocks markets rose in early trading Wednesday as robust U.S. earnings offered further evidence of recovery in the world’s biggest economy.
Japan’s Nikkei 225 stock average shot up 1.6 percent to 11,078.63 in broad-based gains. A weaker yen gave additional lift to exporters like auto and electronics makers.
South Korea’s Kospi rose 1 percent, and Australia’s benchmark added 0.8 percent. Shares in Taiwan, Singapore and New Zealand also climbed.
Overnight on Wall Street, the Dow Jones industrials added 0.2 percent to 11,117.06 as first-quarter corporate profit numbers overshadowed ongoing concern about fraud charges against Goldman Sachs Group Inc.
Asian tech shares rose sharply after Apple Inc. shattered expectations with a 90 percent leap in net income for the most recent quarter. Japan’s Toshiba Corp. shot up more than 3 percent, and Sony Corp. rose 1 percet. Korea’s Samsung Electronics Co. was up 1.8 percent.
In currencies, the dollar was trading at 93.05 yen, up from 92-yen levels during Asian trading the previous day. The euro stood at $1.3414 from $1.3438 late Tuesday.


