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Stock markets were mostly higher in Asia trading as major benchmarks shook off an early tumble by energy stocks, prompted by a fall by crude prices on Wednesday.
In Hong Kong the Hang Seng index was up 0.9 per cent as the technology segment gained 2.4 per cent and financials rose 0.8 per cent, offsetting a drop of 0.5 per cent by energy stocks. The Hang Seng China Enterprises index of large-cap Chinese companies was up 1 per cent.
China stock benchmarks were up as well, with the CSI 300 index of Shanghai and Shenzhen-listed stocks rising 2.4 per cent with gains across the board except for a 0.1 per cent dip for energy stocks.
The energy segment of Sydney’s S&P/ASX 200 index was up 0.1 per cent while the broader index notched a rise of 0.7 per cent, bolstered by a 1.2 per cent climb by financials.
Tokyo’s Topix index broke ranks with a fall of 0.2 per cent, however, as Japanese energy stocks fell 2.1 per cent.