Asian markets advanced Thursday, with Shanghai- and Hong Kong-listed shares pacing gains a day after the Chinese central slashed interest rates.
Japanese, South Korean and Taiwanese shares also posted strong gains, with technology stocks such as Elpida Memory and Hynix Semiconductor among gainers after Wall Street stretched a rally into a fourth straight session. Resource stocks jumped in Australia on a sharp overnight rise in crude-oil prices.
Indian markets were closed for the day in the wake of synchronized terrorist attacks overnight in nine or more locations in the financial capital Mumbai, which left at least 87 people dead and 250 wounded.
China's Shanghai Composite jumped 4% to 1,972.82, after the People's Bank of China Tuesday slashed its lending and deposit rates by as much as 1.08%, in addition to cutting banks' reserve requirements sharply, in the central bank's strongest response yet to a recent slowdown in economic growth.
In Hong Kong, the Hang Seng Index gained 3.9% to 13,893.73, while the Hang Seng China Ente
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