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Asian shares higher on US record gains Asian shares higher on US record gains
(35 minutes later)
Asian shares opened higher on Wednesday, taking the lead from Wall Street where shares closed at a record level overnight. Asian shares traded higher on Wednesday, taking the lead from Wall Street where shares closed at a record level overnight.
The Dow Jones finished over 18,000 for the first time after data showed the US economy grew at its fastest pace in 11 years in the third quarter.The Dow Jones finished over 18,000 for the first time after data showed the US economy grew at its fastest pace in 11 years in the third quarter.
The economy grew at an annual rate of 5% in the quarter, up from a previous estimate of 3.9%.The economy grew at an annual rate of 5% in the quarter, up from a previous estimate of 3.9%.
That momentum helped Japan's Nikkei gain 1.2% to 17,854.09 points. That momentum helped Japan's Nikkei gain 1.1% to 17,837.59 points.
Tokyo's benchmark index was closed for a public holiday on Tuesday.Tokyo's benchmark index was closed for a public holiday on Tuesday.
Shares in struggling Skymark Airlines fell 2.5% after diving more than 16% on Monday on news that Airbus was moving closer to filing a lawsuit against it over a failed $2.2bn (£1.4bn) jet order.
Sony was up 3% after its Hollywood studio said it would screen comedy The Interview in some US theatres on Christmas Day after initially cancelling the release.Sony was up 3% after its Hollywood studio said it would screen comedy The Interview in some US theatres on Christmas Day after initially cancelling the release.
In Australia, the S&P/ASX 200 index was trading flat at 5,380.8 in light trade. Light trade
In Sydney trading will stop at lunchtime for the Christmas holiday. In China, shares headed in different directions with the Shanghai Composite continuing lower after a 3% drop the previous day.
In South Korea, the benchmark Kospi index traded flat at 1,939.37 after closing lower on Tuesday. The benchmark index was down 0.4% to 3,019.48, while the Hang Seng rose 0.1% to 23,356.25.
Shares of Hyundai Motor jumped as much as over 4% on hopes the automaker will raise its dividend payouts. In Australia, the S&P/ASX 200 index was up 0.2% to 5,391.2 in light trade.
In Sydney, trading will stop at lunchtime for the Christmas holiday.
In South Korea, the benchmark Kospi index was higher 0.3% to 1,945.19 after closing lower on Tuesday.
Shares of Hyundai Motor jumped as much as over 4% on hopes the automaker would raise its dividend payouts.