Investing.com - Asian markets rose on Wednesday with Australia strong and China markets also gaining.
Sydney''s S&P/ASX 200 jumped 1.1%, recovering from losses earlier in the week. On Monday, the market fell 0.9% on the final trading day of the financial year.
BHP Billiton Ltd (ASX:BHP) added 1.9% and Fortescue Metals Group Ltd (ASX:FMG) gained 1.8%.
Japan''s Nikkei 225 added 0.5%, South Korea''s KOSPI rose 0.7% and Hong Kong''s Hang Seng Index was up 0.8% and the Shanghai Composite Index was 0.1% lower.
Overnight, U.S. stocks rose even after a key factory report missed expectations, as the figure was viewed by markets as strong enough to indicate a more robust third quarter awaits the U.S. economy.
The Dow 30 rose 0.77%, the S&P 500 index rose 0.67%, while the NASDAQ Composite index rose 1.14%.
The Institute for Supply Management reported earlier that its purchasing managers'' index fell to 55.3 in June from 55.4 in May, which was little changed.
Analysts had expected the manufacturing PMI to increase to 55.8 in June, though stocks rose anyway, as any reading over 50 marks expansion.
New orders rose to a six-month high, which drew applause on Wall Street.
On Wednesday, the U.S. is to release the ADP report on private sector job creation, which leads the government’s nonfarm payrolls report by two days. The U.S. is also to release data on factory orders.
Later Wednesday, Fed Chair Janet Yellen is to speak.