Asian stocks higher, following Wall Street rally

Source: CNBC
© ScanPix/Reuters
The equity markets in Asia posted gains on Thursday, as a sharp rebound on Wall Street eased fears of prolonged global market rout. In China the Shanghai Composite Index jumped 5.40%, after crashing to a 23% loss over the past five sessions. Elsewhere, the Nikkei was up 1.08%, Australia's S&P ASX gained 1.17%, while South Korea's Kospi advanced 0.73% and Hong Kong's Hang Seng rose 2.98%. 
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