Markets

Asian Stocks Finish at Multi-Year Highs

Asian markets closed higher on Wednesday, led by the Hang Seng, which surged on the first day of trade following the Easter holiday.

The index climbed to a seven-year high as mainland dealers for the first time hit their daily limit of deals allowed in Hong Kong under a new stock connect with Shanghai.

Over on the mainland, the Shanghai Composite briefly crossed the 4,000 level, before settling at a close of 3,994.81. The bourse hasn't closed above this threshold since 2008.

Meanwhile, the Nikkei closed at its highest level since April 2000, as the Bank of Japan's board voted 8-1 to keep its massive monetary stimulus of 80 trillion yen a year in asset purchases intact.

Australia ASX All Ordinaries +35.10 +0.60% 5,928.30

Shanghai SE Composite Index +33.43 +0.84% 3,994.81

Hang Seng +944.96 +3.74% 26,220.60

Nikkei 225 +149.27 +0.76% 19,789.81

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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