KEY POINTS
- Shares in Asia Pacific were higher.
- Chinese industrial output and retail sales growth for April came in below expectations.
- In overnight markets stateside, stocks saw a bounce as they recovered partially from Monday’s sharp losses.
- Those moves came amid a recent escalation in the U.S.-China trade war.
Shares in Asia were higher on Wednesday following an earlier slump this week as trade tensions between the U.S. and China escalated.
Mainland Chinese shares advanced on the day, with the Shanghai composite adding 1.91% to 2,938.68 and the Shenzhen component rising 1.45% to 9,169.15. The Shenzhen composite also gained 2.325% to 1,577.92.
In Hong Kong, the Hang Seng index added 0.73%.
Japan’s Nikkei 225 rose 0.58% to close at 21,188.56, while the Topix index added 0.60% to finish its trading day at 1,544.15.
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