Asia-Pacific stocks post gains after Wall Street’s rebound

Investors in Asian equities regained some of their risk appetite Wednesday following strong gains in the U.S., where better-than-expected economic data sparked optimism.

In currencies, the pound continued to plunge against the dollar after U.K. Prime Minister Theresa May signed the formal letter that will trigger the nation’s official separation from the economic bloc when it is delivered to European Council President Donald Tusk later Wednesday. The sterling was recently down 0.5%.

Broadly, though, after weathering choppy trading earlier in the week, stock markets shrugged off politics and refocused on data.

Australia’s S&P/ASX 200

XJO, +0.90%

  was up 0.8% in morning trade, opening at its highest level since May 2015. Korea’s Kospi

SEU, +0.17%

  was 0.1% higher, Singapore’s Straits Times Index

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