Asia Markets: Asian markets gain despite Jackson Hole uncertainties

Global stocks kept rising and investors added to risk positions despite uncertainties about what could emerge from a central banking conclave in Jackson Hole, Wyo., which begins Thursday.

Asia-Pacific stocks were widely higher early Wednesday, getting a lift from improved sentiment and a stronger U.S. dollar. But Chinese equities fell modestly on a 5% slide in metals futures and Australia’s benchmark turned lower as Commonwealth Bank of Australia faced a potential shareholder lawsuit in the wake of a government money-laundering case.

“The bulls seem to have taken back some control here,” said Chris Weston, chief market strategist at IG Group. After Asian stocks broadly rose Tuesday, “we expect another positive session ahead and traders adding to risk.

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