On Wednesday, March 6, most Asian stock markets witnessed gains with Hang Seng leading the gains following the recent fall of the global market.

Hong Kong’s Hang Seng index increased by over 2% earlier in the trading session and added 1.7% at the close after going down by over 2% on Monday. Hang Seng closed at 16,438.09. Mainland Chinese stocks (CSI 300), on the other hand, went down by 0.41% closing at 3,551.05

The Taiwan-weighted index recently surpassed its record high from the previous trading session, surging by 0.58% closing at 19,499.45, with shares of Taiwan Semiconductor Manufacturing Company trading close to the flatline. 

Samsung Electronics’ share went down by 1.09% while South Korea’s Kospi also went down by 0.3% closing at 2,641.49. Kosdaq was up by 0.5% closing at 870.67

China’s CSI 300 index reached over three-month highs on Tuesday following the 2024 Economic growth target announcement during its “Two sessions” meeting. 

Japan’s Nikkei 225 slightly slipped by 0.02% closing at 40,090.78. This is the third day that Nikkei 225 stayed beyond the 40,000 mark, while the broad-based Topix went up by 0.39% closing at 2,730.67

Meanwhile, in Australia, the S&P/ASX 200 witnessed significant gains, closing at 7,730.9 despite the economy outperforming expectations in the fourth quarter with a 1.15% yearly increase in GDP compared to a poll estimate of 1.4% from Reuters.