Asian stocks were set to track U.S. gains on Wednesday, as falling bond yields eased concerns about surging inflation, although focus will shift to Chinese markets amid worries about policy tightening in the world's second-largest economy.
On Tuesday, China's benchmark Shanghai Composite index stood on the precipice of a correction as investors wrestled with the prospect of tighter policy and a slowing economic recovery. On Wall Street, each of the major averages closed higher, led by a gain of nearly 4per cent in the Nasdaq, giving the tech-heavy index its best day since Nov. 4.
In Europe, stocks closed higher after extending gains from their best session in four months a day earlier as a rise in shares of oil and utility companies helped counter losses in miners.
Let's hope Chinese Market could rebound today.
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