Shinzo Abe

Asian stocks up on eased UK uncertainties, stimulus hopes

Asian stock markets traded higher on Wednesday following Dow's record-high close overnight, as the confirmation of Britain's new leader eased uncertainties while the stimulus hopes also helped lift stocks in the region.

KEEPING SCORE: Tokyo's Nikkei 225 jumped 1 percent to 16,256.81 and South Korea's Kospi added 0.3 percent to 1,998.22. Hong Kong's Hang Seng index rose 0.4 percent to 21,309.22. Australia's S&P/ASX 200 gained 0.3 percent to 5,367.70. Stocks in mainland China, Singapore and Indonesia were also higher.

ANALYST'S TAKE: "Market sentiment has improved as Britain's new prime minister has been confirmed and thus substantially reduced the political...