Asian stocks mostly rose, moderately recovering from heavy pressure witnessed during the last few days. Japan’s benchmark Nikkei 225 and Topix gained between 2% and 3%, while South Korea’s Kospi index jumped more than 3% with shares of Samsung Electronics advancing as much as 6.6%. Taiwan’s Taiex index climbed 1.2% and Singapore’s Straits Times advanced 1.4%. Australia’s S&P/ASX 200 added 1.7%.
However, China’s equity markets remained on the defensive. Shanghai’s CSI 300 tempo-rarily gained 1.5%, before it fell back again. The Shanghai Composite Index gained 0.4%, heading for its first advance in seven days. While central banks tried to calm market jitters, slower-than-estimated U.S. economic growth stoked speculation the Federal Reserve may hold back from reducing stimulus (read more on page 2).