Asia Markets: Asian markets rise, brushing off disappointing economic data from China

Asian stock markets gained in early trading Wednesday as trade tensions eased and despite weaker-than-expected manufacturing data from China.

Japan’s Nikkei NIK, +1.79% was up 1.5% following some robust earnings reports after Tuesday’s closing bell. Overnight gains in U.S. equities also helped the risk-on mood. Investors in Japanese equities are embracing risk amid the ongoing earnings season, with Mazda 7261, +1.46% up 2% ahead of its earnings report later today. Sony 6758, +4.32% was up 3.7% after it reported that its net profit beat forecasts by ¥173 billion after the closing bell yesterday. Honda’s 7267, +5.35% second-quarter profit also rose sharply, helping boost its shares today by 5.7%.

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