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Asian stocks mixed after Wall Street rebound

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Asian stock markets were mixed Wednesday after Wall Street rebounded and Japanese exports surged as investors tried to figure out how rising coronavirus infections will affect the global economy.

Overnight, Wall Street's benchmark S&P 500 index gained 1.5%, recovering much of the previous day's loss.

The Shanghai Composite Index rose 0.6% to 3,558.11 while the Hang Seng in Hong sank 0.4% to 27,159.11. On Wall Street, the S&P 500 rose to 4,323.06, recovering most of its 1.6% decline on Monday, its biggest in two months. The Centers for Disease Control has said an estimated 83% of U.S. cases in the U.S. are tied to the virus's delta variant.

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