Asian stocks rise following uptick on Wall Street

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Asian stocks were mostly higher Wednesday as traders mirrored overnight gains on Wall Street during another busy earnings week.

Both the Kospi in South Korea and the Hang Seng in Hong Kong rose 1.3%, to 3,279.65 and 26,526.98 respectively. The Shanghai Composite index gained 0.9% to 3,477.17 in afternoon trading.

"Tough restrictions on movement and travel already in place will likely bring the desired results. But the delta variant is a particularly slippery little critter, and the concern for us, and we imagine, many others, is how quickly this will occur, and at what economic cost in the meantime," he said.

The Dow Jones Industrial Average added 0.8% to 35,116.40, while the Nasdaq composite picked up 0.6% to 14,761.29. The Russell 2000 index of smaller company stocks rose 0.4% to 2,223.58.

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